504 Certified Development Loans
Active
- Assistance listing
- 59.041
- Grant awards
- Not on record
Program facts
- Also known as
- 504 Loans
- Treasury account
-
- 73-1154-0-1-376
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The Small Business Administration (SBA) funds long-term, fixed-rate financing for small business fixed assets through the sale of debentures to private investors under the 504 Certified Development Loans program (CFDA 59.041), with no recent open application deadline visible in current source material.
This program provides capital for small business concerns to acquire or improve fixed assets—real estate, machinery, equipment, and related infrastructure—through a financing structure where Certified Development Companies (CDCs) facilitate loans and private investors purchase the resulting debentures. The SBA does not directly disburse grant awards to small businesses; instead, it works through CDCs as intermediaries to structure and underwrite these fixed-rate loans. Applicants may request reconsideration of declined loan applications within six months of decline if they submit reasonable evidence to overcome the stated reasons for decline.
The program operates through a network of CDCs, each subject to financial reporting requirements scaled to portfolio size. CDCs with a 504 loan portfolio balance of $30 million or more must submit audited annual financial statements from an independent certified public accountant; those below $30 million may submit reviewed financials unless the SBA's Director of Office of Capital Resource Management determines an audit is necessary due to material noncompliance.
Eligibility is determined by small business size standards based on either number of employees or annual receipts under the North American Industry Classification System (NAICS). The program excludes coverage under 2 CFR 200, Subpart F audit requirements.
The source material does not contain recent grant awards, award portfolio data, award economics, or currently open application opportunities. To assess current program activity and identify relevant recent funding opportunities, business development professionals should contact the SBA's Office of Capital Resource Management or visit SBA.gov for active CDC networks in their region and current loan program solicitations.
Objective and description
- Objective
To assist small business concerns by providing long-term, fixed-rate financing for fixed assets through the sale of debentures to private investors.
- Description
To assist small business concerns by providing long-term, fixed-rate financing for fixed assets through the sale of debentures to private investors.
Eligibility
- Applicant eligibility
Small Business is based the size standard on either number of employees or annual receipts based on the North American Industry Classification system (NAICS)
- Beneficiary eligibility
Small Business is based the size standard on either number of employees or annual receipts based on the North American Industry Classification system (NAICS)
- Uses of assistance
Loans are to assist small businesses in the acquisition of land and buildings; the construction, expansion, renovation or modernization of buildings; or the acquisition and/or installation of machinery and equipment. Loans may have either a 10, 20, or 25-year term. The 504 Debt Refinancing Program may be used to help eligible small business owners ease their financial burdens and further job creation. The 504 Debt Refinancing Program can help eligible borrowers refinance debt from adjustable rate loans with its long term fixed-rates, creating significant savings to borrowers.
- Length and time phasing of assistance
Additional information available on SBA's website at www.sba.gov.
How to apply
- Preapplication coordination
Please review it.
- Award procedure
CDC is notified in writing by the SBA Office. CDC notifies applicant.
- Time to approval or disapproval
Within 10 working days after formal acceptance of application.
- Renewals
Renewals initiated by loan recipients.
- Appeals
Requests for reconsideration of a declined loan will be granted at any time within 6 months from the date of decline, providing that reasonable evidence is submitted to substantially overcome the stated reasons for decline.
Quick answers
What is Assistance Listing 59.041?
Assistance Listing 59.041 is 504 Certified Development Loans, a federal grant program run by Small Business Administration.
What is the CFDA number for 504 Certified Development Loans?
Its CFDA number is 59.041: Assistance Listing numbers were called CFDA numbers before 2018.
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