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BORROWERS

Experience matters and with over 25 years as a trusted SBA loan provider and 60 years as an economic development lender, the Altoona Blair County Development (ABCD) Corp. has been Pennsylvania's trusted main-street lending partner.

 

At ABCD Corp., we work to quickly secure your First Frontier 504 loan approval while being responsive to all your questions.

504 BUSINESS BENEFITS

  • Low Down Payment - lets you preserve your cash for your working capital.

  • Competitive Interest Rate - typically below bank rates.

  • Fixed Interest Rate - for the life of the loan of either 10 or 20 years.

  • Additional Program Benefits: Available for women, veteran and minority-owned companies, export related companies, green buildings and businesses in rural communities.

504 FAST FACTS

Eligible Applicants:

  • Business Entity Classified as Small Business

  • For-Profit Corporation, Partnership, LP, LLC or Proprietorship

Lending Limits:

  • Up to 40% of Eligible 504 Project Costs

  • $5 million for Typical Projects and $5.5 million for Qualifying Manufacturing & Energy Related Projects

Eligible Uses:

  • Land Acquisition

  • Building Construction & Renovations

  • Building Purchase

  • Leasehold Improvements

  • Equipment

  • Related Project Costs

SAMPLE PROJECT

40%​

SBA 504

50%​

Bank

10%​

Business

The project below outlines a total eligible project cost of $2.5 million.

SOURCE

%

LOAN AMOUNT

Bank

50%

$1,250,000

SBA 504

40%

$1,000,000

BUSINESS

10%

$250,000

100%

$2,500,000

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