SBA's 504 loan program for industrial or commercial buildings
The 504 Loan Program allows small business owners to purchase an industrial or commercial building at
below-market interest rates with a minimum of ten percent down payment or equity injection.
The loan proceeds may be used to purchase or remodel an existing building,
construct a new facility or to purchase equipment with a minimum economic useful life of 10 years.
The 504 loan is structured so a bank loans 50% of the total project; then a Certified Development Company (CDC)
issues a second loan
for 40% of the total project. The borrower contributes 10%. You can ask your bank to fund the 50% or the
CDC can find a lender.
CDCs that loan in your area include:
Business Development Corporation
100 E. Wayne St., Suite 335
South Bend IN 46601
(574) 288-5758
Click here for more information
Community Development Corporation
840 City-County Building
Fort Wayne IN 46802
(260) 427-1127
Click here for more information
Indiana Statewide Certified Development Corporation
4181 East 96th Street, Suite 200
Indianapolis IN 46240
(317) 843-9704
Click here for more information
Premier Capital Corporation
151 N. Delaware, Suite 750
Indianapolis, IN 46204
(317) 974-0504
http://www.premiercapitalcorp.com
Regional Development Corporation
5997 Carlson Ave. Suite B
(219) 764-2700
Portage IN 46368
http://www.rdc504.org
