TCM CDC was certified in 1990 by the U.S. Small Business Administration (SBA).
TCM has assisted thousands of small business owners, representing projects totaling in excess of one billion dollars, through utilization of the SBA’s 504 loan program.
The SBA 504 loan program, in combination with the participation of financial institutions, provides financing for the acquisition or expansion of owner-occupied commercial real estate or for the purchase of capital equipment.
Key advantages of the SBA 504 Loan Program include:
*Low down payment - Down payment is typically 10% of the total project cost.
*Longer repayment term - Real Estate Loans have a 20- or 25-year term.
*Low interest rate fixed for entire term of Loan.
MAXIMUM LOAN SIZE INCREASE
Both the SBA 504 and 7(a) loan programs have been granted a permanent increase in lending authority with loan limits increased significantly to $5 million for standard projects and up to $5.5 million for 504 projects made to manufacturers or for projects qualifying under the Energy Efficiency program.
DEBT REFINANCING
Loans that were used to finance fixed assets like real estate or equipment are eligible to be refinanced with an SBA 504 loan. Eligible loans for refinance include existing SBA 504 or 7(a) loans.
The SBA 504 program also has the ability to provide cash out for working capital when refinancing an existing loan.
Company Details
- Employees
- 21
- Founded
- -
- Address
- 3495 Vadnais Center Drive, Vadnais Heights,mn 55110,united States
- Phone
- +1 651-481-8081
- in****@****cdc.com
- Industry
- Banking
- NAICS
-
Commercial Banking
- Website
- 504lending.com
- Keywords
- SBA 504 Loans, Fixed Asset Financing for Small Business, Commercial Real Estate Lending, Consulting on SBA Loan Programs.
- HQ
- Vadnais Heights, MN
Twin Cities-Metro Cdc Questions
Twin Cities-Metro Cdc's helpline number is +1 651-481-8081
Twin Cities-Metro Cdc's website is 504lending.com
Twin Cities-Metro Cdc's LinkedIn profile is https://www.linkedin.com/company/twin-cities-metro-cdc
Twin Cities-Metro Cdc has
21 employees.
View email and phone details for 21
employees at Twin Cities-Metro Cdc.
Twin Cities-Metro Cdc's industry is
Banking
Twin Cities-Metro Cdc's top competitors are
Oak Grove Financial,
Muslim Business Administration At The University Of Minnesota,
Key Community Bank,
Amplio,
Mbfc, Sba 504 Lending!,
Blattner,
Freeform Agency,
Rdo Equipment Co.,
U.s. Small Business Administration,
Prairieland Edc.
Twin Cities-Metro Cdc's support email address is info@tcmcdc.com
Twin Cities-Metro Cdc's categories are Banking
Twin Cities-Metro Cdc's founding year is 1990
