Welcome
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 SBA 504 loan program.
A simple way to describe an SBA 504 loan is as a mortgage for small business owners to "purchase homes" for their businesses. SBA 504 loans allow business owners to buy, build, or renovate commercial real estate.
Financing options include:
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The purchase and/or renovation of an existing building
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The purchase of land and construction of a new building
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The purchase of expensive equipment or machinery that requires long-term financing
Similar to a residential mortgage, SBA 504 loans are long term (either 10 or 20 years) and the interest rate is fixed for the term of the loan. Interest rates are competive and usually lower than prime.
FACT:
Over 130,000 businesses have obtained SBA 504 loans over the past 25 years including companies like:
Are you ready to see if a SBA Loan is right for you?
News
September 20, 2011 - Vice President Biden & SBA Administrator Mills visit an SBA 504 Borrower - Wrap Tite, Inc - in Solon, Ohio.
The 504 loan was provided by Growth Capital Corporation of Cleveland, Ohio & Charter One Bank.
Vice President Biden & Administrator Mills
September 9, 2011 - White House Briefing on American Jobs Act.
The following documents were provided:
American Jobs Act Fact Sheet - Long Version
American Jobs Act Fact Sheet - Short Version
Remarks of President Obama
August 4, 2011 - SBA Publishes their "SBA 100"
100 Companies that have each created at least 100 jobs since receiving assistance from the SBA. There were 33 SBA 504 loan recipients in the group. Check it out!
![](https://webarchive.library.unt.edu/web/20121019062955im_/http://www.nadco.org/images/WebinarBanner.jpg)
June 6, 2011 - SOP 50 51 (3): Loan Liquidation - Highlights of What's New for CDC's to Maximize Recovery is now available.
March 1, 2011 - Updated Certified Development Company - Industry Capability Study Available
NADCO conducted a study in December 2010 to gather information on the scope of programs and services offered by Certified Development Companies in addition to providing SBA 504 loans to small businesses. Approximately 70% of CDCs participated in the study, and the information gathered on the range of financing programs and services offered is impressive.
NADCO found that CDCs participate in a stunning number of state, local, federal and self-funded financing programs. CDCs provided a staggering $45 billion in direct financing through the programs they administered . When you factor in the other funding partners in these projects, the total dollar amount for projects financed through CDCs, the total is over $130 billion to 129,518 small businesses.
Click on the below cover page to download the study. Please note: This is a large publication and may take a few moments to download.
![](https://webarchive.library.unt.edu/web/20121019062955im_/http://www.nadco.org/images/CapabilityStudyCover.jpg)
May 2010 - Office of the Comptroller of the Currency Article on SBA 504 Loan Program
![](https://webarchive.library.unt.edu/web/20121019062955im_/http://www.nadco.org/images/ArticleCover(1).jpg)
The article appeared in the May 2010 issue of the OCC's publication "Insights" and is an update of the article originally published in February 2006. It provides an excellent overview of the SBA 504 Loan Program.
SBA 504 Economic Impact Study
Take a look at the SBA 504 Loan Program's Impressive Positive Impact on our National Economy: Results of 2008 Economic Impact Study