Partner with EDC
To partner with the SBA call the EDC today at 770-536-7839
Economic Development Corporation--Specializing in SBA 504
Lenders
Bank Benefits
- Reduced risk (50% LTV/1st Lien)
- Competitive pricing
- Offer low down payment
- No SBA reporting
Source of Funds
Existing Business
- Bank (1st Mortgage/Lien) 50%
- SBA (2nd Mortgage/Lien) 40%
- Borrower's Contribution 10%
Financing Cost
Bank is required to pay a Participation Fee to SBA of 0.50% on its 50% portion of the project at the time of closing.
Insurance Requirements
Hazard, Liability, and Worker's Compensation. Life Insurance on the key person may be required.