The SBA 504 Loan Program promotes economic development opportunities in the community by providing affordable financing to expand your business.
Northwest Federal partners with a local Certified Development Center (CDC) to cover up to 90% of project costs. The Credit Union provides 50% of the financing, the 504 Loan provides up to 40%, while you, the business owner, contribute as little as 10%. With a 504 Loan, the Credit Union may also provide certain terms that may be more beneficial to your business than you might receive with a conventional loan.
A SBA 504 Loan may help your business grow with:
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Down payment as low as 10% – preserves your cash for working capital
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Competitive 20 and 25 year fixed interest rates – on CDC portion
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20 or 25 year fully amortized loan – reduces month cash requirements
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Project financing – both hard and soft costs could be included
Our Commercial Lending team will help you obtain financing with competitive rates and terms to meet your unique business needs.
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Call 703-709-8900 x4931
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Email us