Have a small project, but it is too risky for your organization’s lending guidelines? Or have you met your lending limits with a certain customer?
When you partner with FDDC on an SBA 504 loan you open the door for not only your client, but also yourself to consider lending for larger projects to one client. FDDC considers SBA loan amounts from $50,000 to $5,000,000 – all are eligible under the SBA 504 loan program.
Specifics on SBA’s maximum exposure limits are as follows:
- $5,000,000 for each small business concern (the applicant and its affiliates) – this takes into account any outstanding 504 and 7a balances.
- $5,500,000 million for each project for small manufacturers or energy efficiency projects.