CDC/504 Program
The CDC/504 loan program is a long-term financing tool, designed to encourage economic development within a community. The 504 Program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.
A Certified Development Company (CDC) is a private, nonprofit corporation which is set up to contribute to economic development within its community. CDCs work with SBA and private sector lenders to provide financing to small businesses, which accomplishes the goal of community economic development. Typically, a CDC/504 project includes:
- A loan secured from a private sector lender with a senior lien covering up to 50 percent of the project cost
- A loan secured from a CDC (backed by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the project cost
- A contribution from the borrower of at least 10 percent of the project cost (equity)
This type of setup means that 100% of the project cost is covered either by contribution of equity by the borrower, or the senior or junior lien.
CERTIFIED & ASSOCIATE DEVELOPMENT COMPANIES
*Accredited Lender Program (ALP)and Priority Closing
** Priority Closing Status Only
*CAPITAL PARTNERS CERT. DEV. COMPANY
Ms. Barbara Benson, President
6445 Powers Ferry Rd, Suite 210
Atlanta, Georgia 30339
Tracy Adams, Contact
PHONE 404/475-6019
FAX 404/475-6014
**COASTAL AREA DISTRICT DEVELOPMENT AUTH.
Mr. Andrew Standard, CEO
501 Gloucester Street, Ste 201
Brunswick, Georgia 31520
Andrew Standard, Contact
PHONE 912/261-2500
FAX 912/261-0032
**CSRA BUSINESS LENDING
Mr. Randy Griffin, President
3023 Riverwatch Parkway, Ste A
Augusta, Georgia 30907-2016
Randy Griffin, Contact
PHONE 706/210-2010
FAX 706/210-2031
ECONOMIC DEVEL. CORP. OF FULTON COUNTY
Mr. Robert J. Shaw, Chairman
5534 Old National Hwy, Bldg H- Suite 300
College Park, GA 30349
Eugene Merriday, Contact
PHONE 404/836-7731
FAX 404/836-7712
*FLORIDA BUSINESS DEVELOPMENT dba
GEORGIA SMALL BUSINESS CAPITAL
Deborah Possick Herron, SVP
4500 Hugh Howell Road, Ste 640
Tucker, GA 30084
Deb Herron or Brent Swanson, Contact
PHONE 404-373-8601
FAX 404-373-8706
**GEORGIA CERTIFIED DEVELOPMENT CORPORATION
Mr. Tony Christopher, President & CEO
3405 Piedmont Rd, Ste 500
Atlanta, GA 30305
Tony Christopher, Contact
PHONE 404/442-2480
FAX 404/442-2481
GA REsource CAPITAL, INC.
POLK# 7025582-47
Mr. Tim Souther, Acting Executive Director
5400 Laurel Springs Pkwy, Ste 802
Suwanee, GA 30024
Tim Souther, Contact
PHONE 770/205-9800
FAX 678/815-0870
GEORGIA SMALL BUSINESS LENDER, INC
Mr. W.L. Brown, President
175 Emery Highway, suite C
Macon, Georgia 31217
Clayton Black, Contact
PHONE 478/751-6160
FAX 478/751-6517
NORTH GEORGIA CERTIFIED DEVELOPMENT CORP.
Mr. Dan Penland, President
503 West Waugh Street
Dalton, Georgia 30720
Jennifer Whorton, Contact
PHONE 706/272-2300
FAX 706/272-2253
*SMALL BUSINESS ACCESS PARTNERS, INC dba ECONOMIC DEVELOPMENT CORPORATION
C115465-38
Ms. Lorra Lee, President
460 S. Enota Drive
P.O. Box 3340
Gainesville, Georgia 30503
Lorra Lee, Contact
PHONE 770/536-7839
FAX 770/536-9026
*SMALL BUSINESS ASSISTANCE CORPORATION
POLK # C115860-02
Mr. Tony O’Reilly, President
111 E. Liberty Street, Ste 100
P.O. Box 10750 (31412)
Savannah, Georgia 31401
Tony O'Reilly, Contact
PHONE: 912/232-4700
FAX: 912/232-0385
SOUTHERN GEORGIA AREA DEVELOPMENT CORPORATION
Mr. David Summer, President
327 West Savannah Ave.
P. O. Box 1223
Valdosta, Georgia 31601
Michelle Frey, Contact
PHONE 229/333-5277
FAX 229/333-5312
STATEWIDE CDC
Brent Swanson, Executive Director
5755 N. Point Parkway
Suite 25
Alpharetta, GA 30022
Brent Swanson, Contact
PHONE 770/837-9528
Fax 770/837-9369
