This is a pilot program available at a limited number of locations. The 504 Program provides long-term, fixed asset financing through certified development companies. These nonprofit organizations are sponsored by private interests or by state and local governments. The most active and expert lenders qualify for the SBA's Certified and Preferred Lenders Program. Certified lenders receive a partial delegation of authority to approve loans.
Preferred lenders enjoy full delegation of lending authority.
A listing of participants in the Certified and Preferred Lenders Program is available through the SBA's field offices. Back to the SBDC main page.