SBA 504 Unity Lending

Serving Coastal and Valley Communities by providing

powerful lending options to communities who need it.

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Unity Lending offers services and support to small businesses including access to capital for growth and success!

Unity Lending is a collaboration between CCD Business Development Corporation, Lane Council of Governments, Oregon Cascades West Council of Governments, and Mid-Willamette Valley Council of Governments to support small business and foster economic growth in the communities we serve and throughout the state of Oregon.

For Borrowers

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For Borrowers

What Is It?

The 504 Loan Program provides longterm, fixed rate financing of up to $5 million for major fixed assets that promote business growth and job creation. 504 loans are available through Certified Development Companies (CDCs), SBA's community-based nonprofit partners. Together, they promote economic development within their communities.

Am I Eligible?

To be eligible for a 504 Loan, your business must Operate as a for-profit company, have a tangible net worth of less than $15 million, and have an average net income of less than $5 million after federal income taxes for the two years preceding your application. Other general eligibility standards include falling within SBA size guidelines, having qualified management expertise, a feasible business plan, good character and the ability to repay the loan.

How Do I Use a 504 Loan?

A 504 Loan can be used for a range of assets that promote business growth and job creation. These include the purchase or construction of existing buildings or land, new facilities, or long-term machinery and equipment. A 504 loan can also be used to improve or modernize land, streets, utilities, parking lots, landscapes, and existing facilities.

504 Loan Structure

A typical 504 loan consists of:

50% Bank - First position. Approved SBA Lender
40% CDC - Second position
10% Equity from Borrower

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For Lenders

Get involved with connecting your community with unity lending partners

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For Lenders

What Is It?

The 504 Loan Program provides longterm, fixed rate financing of up to $5 million for major fixed assets that promote business growth and job creation. 504 loans are available through Certified Development Companies (CDCs), SBA's community-based nonprofit partners. Together, they promote economic development within their communities.

Benefit For Lenders

Reduced risk. The bank lends 50% of the project cost as the first mortgage lender. The SBA 504 loan program funds 40% of the project cost in a second mortgage position, and the borrower provides 10% cash or land equity. (Start-up projects or specialized purpose facilities require more equity.) Alternative option. The low down payment makes SBA 504 financing possible even if conventional financing is not an option. Commitment to business growth. SBA 504 loans are another way lenders can help their small business customers expand and grow.

How Banks Participate

Participating lenders include banks, savings and loans, and credit unions. Lenders interested in participating should contact CCD. Lenders are required to execute a thirdparty lender certification as part of the loan closing. Both the bank and the CDC will underwrite the loan. While the terms and conditions on the bank and CDC loans may differ, they are coordinated by the bank and CDC to meet the needs of the borrower.

Lets Partner

Unlike some organizations, CCD won't step away once your loan has funded. We're committed to the partnership and take pride in watching businesses grow.

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