The National Association of Development Companies (NADCO) is the trade association for the nation's Certified Development Companies (CDCs). 

Our members are non-profit organizations that have been certified by the U.S. Small Business Administration (SBA) to provide financing to small businesses through the Certified Development Company Economic Development Loan Program also known as the SBA 504 loan program. 

The SBA 504 loan program was created for two reasons:  (1)  To provide financing to entrepreneurs who are ready to buy or build a facility , and (2)  for the purpose of stimulating economic development through job creation, business growth and increased tax revenues.

A simple way to describe an SBA 504 loan is as a mortgage for small business owners to "purchase homes" for their  businesses.  Visit  SBA 504 Loans to find basic information on SBA 504 loans and how one can work for you!

Over 100,000 entrepreneurs have obtained SBA 504 loans over the past 25 years. 

Take a moment to review some of the SBA 504 Success Stories that were made possible by SBA 504 loans!    

SBA 504 loans allow business owners to buy, build or renovate commercial real estate.  Financing options include the purchase and/or renovation of an existing building; the purchase of land and construction of a new building; and also the purchase of expensive equipment or machinery that requires long-term financing.  

Similar to a residential mortgage, an SBA 504 loan is for a long term (either 10 or 20 years) and the interest rate is fixed for the term of the loan.  Interest rates are competitive and usually lower than prime. 

When you are ready to see if an SBA 504 loan is right for you, start by finding the CDC in your area by browsing our member directory link:   Find a Member.  Then, give your bank a call to see if they would like to partner with the CDC to structure your loan.

(Photo)  Linda Park, President of Lixit Corporation with employees on the shop floor in Napa, CA.  SBA 504 loan provided by Bay Area Development Company, Walnut Creek, CA

SBA 504 Loan Program's Impressive Positive Impact on our National Economy: Results of Recent Economic Impact Study