Work with FDDC on 504 projects and receive SBA’s approval in 1/2 the time!
- SBA has granted FDDC authority to underwrite and approve 504 loan applications in the amount of $500,000 or less (total project could be $1.2 million)
>> Includes both regular SBA 504 loan applications and SBA 504 refinance applications
- Approved credits are forwarded to SBA for their sign off on SBA 504 eligibility
>> FDDC’s determination regarding creditworthiness is not subject to SBA review
- An SBA 504 Loan Authorization is issued in half the time it normally takes to receive 504 loan approval
- Closing procedures and future servicing actions on EXPRESS 504 loans will be expedited as well
Call 605.882.5115 to get on FDDC’s Fast Track!