Application Forms and Process:
Lender applies through a Certified Development Company (CDC), using the CDC's forms:
Dakota Certified Development Corporation
Lake Agassiz Certified Development Company
Lewis & Clark Certified Development Company
If you have any questions, please contact:
- North Dakota District Office - Al at 701-239-5131 x209 or email@example.com
The 504 Program provides long-term, fixed-rate financing for major fixed assets. Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business.