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Certified Development Company (CDC) for SBA 504 Program
The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses.
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 being helped. Detailed program information
Ameritrust Certified Development Company
City Centre Building
1420 5th Avenue #2200
Seattle, WA 98101
206-274-5152 main office
206-299-3028 fax
Contact: Kim Willis, 425-787-6100
CDC-ALP#: 10-695
Approved on: March 6, 2007
Area of Operation: State of Washington
Evergreen Community Development Association
900 Fourth Avenue, Suite 2900
Seattle WA 98164
206-622-3731 or 1-800-878-6613
CDC-ALP#: 10-011
Approved on: 01/06/81
SBA Office: Seattle, Washington
Areas of Operation: State of Washington; Oregon Counties of Clackamas, Columbia, Clatsop, Multnomah, Washington, Hood River, Wasco and Tillamook
Northwest Business Development Association
9 South Washington St. #215
Spokane WA 99201
509-458-8555 or e-mail
info@nwbusiness.org
CDC-ALP#: 10-132
Approved on: 09/23/81
SBA Office: Spokane, Washington
Areas of Operation: State of Washington; State of Oregon - Columbia, Washington, Clackamas and Multonmah counties; State Idaho - Idaho, Lewis Nez Perce, Clearwater, Latah and Kootenai counties
Revised 04/02/2007
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