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:  03/06/07
Area of Operation:  State of Washington

Evergreen Business Capital (formerly known as Evergreen Community Development Association)
13925 Interurban Avenue South, Suite 100
Seattle, WA 98168
Toll Free 800-878-6613
Main Local 206-622-3731
Main Local Fax 206-623-6613
Closing Department Fax 800-417-9768
Closing Department Fax 206-315-5255
CDC-ALP#:  10-011
Approved on:   01/06/81
SBA Office:  Seattle, Washington
Areas of Operation:  State of Washington; State of Oregon; Counties in Idaho: Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce and Shoshone

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 07/21/2009