U.S. Small Business Administration, through Certified Development Companies
LOANAlso a LOAN — long-term fixed-rate financing for major fixed assets, originated by a Certified Development Company alongside a senior lender. Up to $5.5 million, over 10, 20 or 25 years, at rates pegged above 10-year Treasury yields. It buys property, construction or renovation, and long-life machinery and equipment, and can refinance qualifying debt. What it CANNOT do is the thing most struggling businesses actually need: it cannot be used for working capital or inventory, and not for real estate speculation. If cash flow is the problem, 504 is the wrong door.
For fixed assets with long useful life (equipment generally 10 years or more). Structured through a CDC, which is a community-based non-profit — find the CDC covering your area. Job creation or public policy goals are part of the programme’s design, so expect to document them. Repayment is usually by ACH draw through a Central Servicing Agent, meaning a missed month is immediate and visible.
Apply at the official source →← more like this · all programmes
Not financial or legal advice. Program terms change — verify eligibility, amounts, and deadlines with the administering agency before acting.