Building Strong and Reliable Relationships with our Lending Partners

Our CDC is proud to offer five unique loan programs to assist your small business client. Unlike many other Certified Development Companies in Indiana, we have a multitude of lending options to assist in your client’s needs!

Our staff collectively have over 60 years experience working with SBA loans and other loan programs. You and your client can confidently rely on our guidance for your loan project.

Benefits of Our Loan Programs

Business consultation to discuss business financing for startups

Lower Exposure

Lower LTV Ratio

Lower Credit Risk

Lower Reserve Requirements

business meeting to discuss business financing for startups

Favorable Loan Terms

Several Term Options

Ranging from 3 to 25 Years

Fixed Interest Rate

People meet together to discuss business financing for startups

Fast Approvals

Our Board Meets Weekly

Assist More Clients

Experienced Loan Professionals

Our most popular loan program is the SBA 504 which provides an ideal solution for business lending.

The long-term, fixed-interest loan rate puts financing within reach for businesses that may not qualify for a conventional loan. CDC partners with banks and other third-party lenders to secure leveraged financing of assets. In addition, the SBA also offers the 504 Refinance Program, a program that could be incredibly beneficial for both you and your client.

Contact us and start offering the advantage of the SBA 504 Program and the SBA 504 Refinance Program to your clients today.

Chart showing percentages of business financing for startups

SBA504 Refinance Program Advantages

Lender Benefits:

Boost the bank's loan production
Minimize risk - banks can limit their exposure to 50% of the total project
Generate new fee income
Free up your client's trapped capital
Combined LTV (1st and 2nd) up to 90%
20-year and 25-year, below-market, fixed interest rates

Eligibility Guidelines:

Can refinance one or more commercial loans
Maximum refinance LTV - 90% of the value of collateral pledged for existing mortgage or secured debt(s). Cross collateralization of other fixed assets is allowed to get to 90%
Maximum refinance LTV - 85% of the value of collateral pledged when mortgage refinance request also includes "Eligible Business Expenses". The aggregate amount of eligible expenses cannot exceed 25% LTV
The loan to be refinanced must be at least 24 months old and in good standing for the last 12 months
Business must be operating for 2 or more years
Appraisal is not required to submit refinance application, but will be a condition of the funding
Business must be at 51% occupancy at the time of application