THE SBA 504 LOAN PROGRAM is a Federal loan source that can provide funding for up to 40% of the total cost of an eligible project for longer loan terms at fixed, below market interest rates with lower down payment requirements. THE SBA 504 LOAN PROGRAM is primarily for healthy, established small businesses, although start-up projects may be eligible. Approval process consists of an OSDC Board of Directors review with final approval being issued by the U.S. Small Business Administration. A participating lender must provide interim financing for the SBA 504 portion of the project in addition to its loan. For more information about this loan, please view the
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