SBA 503 Loan Your Guide to Business Growth
Understanding SBA 503 Loans
The SBA 503 loan program is a powerful tool for small businesses seeking substantial funding for major investments. It’s not a loan directly from the Small Business Administration (SBA), but rather a partnership between the SBA and a Certified Development Company (CDC). The CDC works with your business to prepare the loan application and acts as an intermediary between you and the lender. This structure allows for larger loan amounts and potentially more favorable terms than you might find with traditional lenders.
Who Qualifies for an SBA 503 Loan?
Eligibility isn’t a walk in the park.