SBA 504 Program History
            Started in 1981 by the U.S. Small Business Administration 
              (SBA) to promote economic development, create new and 
              retain existing jobs, and meet other public policy goals 
              (e.g. minorities, rural markets, etc.). 
            SBA has licensed 275 Certified Development Companies 
              (CDC) across the country to process, close and service the 
              SBA guaranteed second lien.
            SBA 504 program over 20 year history has funded 69,987 
              loans for $27.9 billion of 2nd position loans. 
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   US Small Business Administration
       504 Loan Program
         Assists healthy & growing small businesses to 
           provide:
            Long term fixed asset financing
            Reasonable fixed rates
            Minimal equity injection
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  SBA 504 Approval Volumes
  (# of loans)
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   SBA 504 Debenture Approval Volumes
   ($ in Billions)
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   Eligible Business
          Business must be for profit
          Business net worth less than $7 million
          Average net income for the last two years cannot 
            exceed $2.5 million
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