The Business Lending Center
The Business Lending Center is the
trade name for SCEDD Development Company, a subsidiary of the Southern
Colorado Economic Development District. The Business Lending Center is a
non-profit organization which is licensed and regulated by the Small
Business Administration (SBA) as a “Certified Development Company” or
“CDC”. As a CDC, we are
authorized to package, close, and service 504 loans throughout Colorado. The Business Lending Center works
hand-in-hand with the borrower and the banker to develop a financing
package that works best for your small business.
SBA 504 Loans
The 504 Loan program was created in 1986 by
Congress to help small businesses in acquiring fixed assets through
long-term financing for business start-up or expansion, and to provide
incentives to private lenders to participate in financing business
The bank works with the Business Lending Center to share the financing and risk in an approved project. The bank provides a loan for half the project cost and acquires the first lien on the property; the Business Lending Center provides 35% to 40% of the project financing and takes a second lien on the property.
Eligible Use of Funds
For additional information and guidelines for the SBA 504 loan program, please contact Kelly Taylor.
The complete 504 loan application packet can be downloaded here.
For information on the SBA 7(a) loan program click here.
This website is currently under construction. While some information is provided in the links, additional information can be obtained by contacting our office.
Southern Colorado Economic Development District (SCEDD)