PCDfc News

Albert Boscov Community Leader Recognition Award

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The Pennsylvania Community Development & Finance Corporation (PCDfc) developed the Albert Boscov Community Leader Recognition Award to honor their founder and former Chairman (2009-2017) Albert Boscov. As a philanthropist and valued leader in the Reading area community as well as any town Boscov Department Store called home.   Mr. Boscov created thousands of new jobs through […]

Resources

Applications & Templates

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Forms & Templates The following PCDfc application and checklists are available for you to download and complete.  Mail, Fax or email and one of our Loan Specialists will respond back to you. PCDfc application PCDfc checklist PCDfc credit check release SBA 504 Personal Financial Statement (form 413) SBA 504 Statement of Personal History (form 912) […]

Resources

Tips about Credit Scores

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Your Credit Score Being knowledgeable and proactive about your personal and business credit score can substantially increase your chance of getting a small business loan.  Use the resources below to learn more and Ask Us Today with any further questions.   Personal Credit What Is A Credit Score? A credit score is a complex mathematical […]

Resources

Business Links

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Business Plan and Financial Projection resources: SCORE Resources Small Business Administration (SBA) Home Page – http://www.sba.gov/ SBA tool/Find out if you’re a small business? – http://www.sba.gov/size-standards-tool Government Resources: Internal Revenue Service – http://www.irs.gov IRS Forms & Publications – http://www.irs.gov/businesses/small/article/0,,id=99200,00.html Specialty Resources: Office of Women’s Business Ownership – http://www.sba.gov/about-offices-content/1/2895 Women’s Business Enterprise Council PA-DE-sNJ  http://www.wbecouncil.org/ Women’s Business […]

Business Owners

SBA 504 Loan Advantages

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Why the SBA 504 Loan Program is Best for Your Growing Company… Lower down payments — as low as 10%*, allowing a borrower to reserve valuable operating capital and keep cash in the business to meet operating needs. *(Additional borrower contribution applies to new/start up businesses and single purpose projects (i.e. car wash, hotel, gas stations, […]

Business Owners

Loan Criteria

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Is the SBA 504 Program Right for Your Small Business? Your Business Qualifies if: It is a for profit business. Net worth is under $15 million and profit after tax is under $5 million. Start up or existing business. Applicant must occupy 51% of real estate purchased or 60% for newly constructed building. Owners of […]

Business Owners

SBA 504 Loan Structure

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504 Financing works best on general projects up to a total of $13.5 million. Example:   $3,750,000 Construction Project Security   $ %   1st Lein   Private Sector Lender/   Bank Loan 1,875,000  50    2nd Lein   SBA/CDC Loan 1,500,000  40      Borrower 375,000  10        Total     $3,750,000  […]

Business Owners

What to Expect – Step by Step

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Applying for Your SBA Loan   Our loan Specialist assemble the corporate, financial and personal information required for your application and SBA loan package. On a parallel track your bank is securing approval of the first-lien mortgage of your finance package. Our loan Specialists will coordinate closely with your bank to avoid process duplication. Next, […]

Business Owners

FAQ’s

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Here are some frequently asked questions. If you find you still have questions one of our loan specialist staff members will be happy to help you.  Call 610-898-6045 or email. Check out our resources page  for forms, helpful links and other valuable resources. What is a CDC? CDC stands for Certified Development Company. Most CDC’s […]