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PCDfc

Our Loan Process

Let PCDfc assist with an SBA 504 loan.
Your 504 loan will go through several stages - from approval through funding.

Choose your preferred application method: click Apply Now to download the PDF application, complete it, and submit it by email, or click Apply Online to apply electronically.

Apply Now
Apply Online

Need help Navigating the Road to Small Business Financing?

Let PCDfc assist with an SBA 504 loan

Your 504 loan will go through several stages - from approval to funding.

Here's What to Expect - STEP by STEP

Step 1

Applying for Your SBA Loan
Getting it

  • Our loan Specialist assemble the corporate, financial and personal information required for your applicationand 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 , CDC approves the SBA loan package and arranges for SBA authorizationof funds.
Step 2

Initial Funding
Your Bank

  • With SBA's authorization, your bank will normally fund two loans to close, the primary one being a first lien mortgage.
  • A part of this transaction, your bank will also issue a temporary "bridge" loan to provide interim, additional financing while your SBA 504 loan is prepared for funding. This bridge loan is eventulaly paid off with your 504 loan (the second lien mortgage).
Step 3

Closing your 504
 

  • We accelerate our 504 funding process to pay off the bank's bridge loan, when the project is complete.
  • In preparing your final 504 loan documents, we are in constant contact with your bank and other entities involved with your funding. Our loan Specialists will contact you for closing checklists items, including updated financial information not already provided by the bank.
  • Next , we arrange to have you sign your final SBA loan documents for funding.
Step 4

504 Loan Funding
 

  • We submit your documents to the SBA's District Counsel for approval.
  • Your loan i spooled with other 504 loans from various communities and funded via the sale of federally insured bonds to private investors. Your interest rate is locked in at this time based on current market conditions.
  • Your bank bridge loan is paid off with the proceeds form the bond sale and replaced with your. permanent SBA 504 loan.
  • You will receive your loan payment schedule about one week before your first payment is due.

PCDfc Loan Specialists Staff members will keep you informed "Every Step of the Way"

Need more Information?

Download our Brochure

Ready to start?

Choose your preferred application method: click Apply Now to download the PDF application, complete it, and submit it by email, or click Apply Online to apply electronically.

Apply Now
Apply Online
VetLoan Advantage

A Strategic Initiative of NADCO

The US Small Business Administration (SBA) 504 Loan Program provides up to 90% financing for owner-user commercial/industrial real estate. In addition to a low down payment (typically 10%), borrowers can take advantage of attractive long term fixed interest rates.

A qualified small business must occupy 51% or more of the commercial/ industrial real estate, must be for-profit and have sufficient operating cash flow to service the debt.

This highly successful loan program has helped thousands of growing companies over the last thirty years acquire a business property and position themselves for long term growth, while preserving precious working capital.

504 VetLoan Advantage-Cash Back Rebate Program

Veteran-owned businesses can take advantage of a special offer available from participating CDC's in Pennsylvania.

For every SBA 504 loan funded, PCDfc will issue a maximum cash rebate of up to $3,000 to help offset a borrower's loan expenses, including appraisal and environmental reports.

Rates are at historic lows- Call PCDfc Today to learn more about the SBA 504 VetLoan Advantage Cash Back Rebate Program

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