Find an SBA 504
Lender Near You
Compare Certified Development Companies by real loan volume. Finance commercial real estate with as little as 10% down. Data from SBA public records.
Top SBA 504 CDCs by Volume
Ranked by total loans approved since 2010
| # | CDC Name | Loans |
|---|---|---|
| 1 | Florida Business Development C FL · $4.3B | 5,635 |
| 2 | Mortgage Capital Development C CA · $6.1B | 5,270 |
| 3 | CDC Small Business Finance Cor CA · $4.9B | 5,067 |
| 4 | Florida First Capital Finance FL · $3.8B | 4,321 |
| 5 | Empire State Certified Develop NY · $4.1B | 4,091 |
| 6 | Granite State Economic Develop NH · $2.0B | 3,719 |
| 7 | Mountain West Small Business F UT · $2.7B | 3,350 |
| 8 | Small Business Growth Corporat IL · $2.5B | 3,191 |
| 9 | WBD, Inc. WI · $2.5B | 3,117 |
| 10 | California Statewide Certified CA · $2.8B | 2,653 |
Browse SBA 504 CDCs by State
CDCs from neighboring states may also serve your area
What is an SBA 504 Loan?
The SBA 504 program provides long-term, fixed-rate financing for major fixed assets — primarily commercial real estate and heavy equipment. Available exclusively through Certified Development Companies (CDCs).
- 10% down — vs. 20–30% conventional
- Fixed rate — No floating rate surprises
- Up to 25 years — Long-term financing
- $1M–$5M+ — For commercial real estate
What is a CDC?
Certified Development Companies (CDCs) are SBA-certified nonprofits that work with banks to deliver SBA 504 loans. They handle the SBA portion (40%) while a bank covers 50% and you put in 10%.
Find a CDC Near You →Borrower Guides
Understand structure, eligibility, and timelines before you talk to a bank or CDC.
Frequently Asked Questions
Common questions about SBA 504 loans and Certified Development Companies
What is an SBA 504 loan?
An SBA 504 loan is a long-term, fixed-rate financing program for major fixed assets — primarily owner-occupied commercial real estate and heavy equipment. The structure is 50% from a bank, 40% from a Certified Development Company (CDC) backed by the SBA, and 10% down from the borrower. Maximum project size is $16.5 million for standard projects.
What is a Certified Development Company (CDC)?
A Certified Development Company (CDC) is an SBA-certified nonprofit organization that works with banks to deliver SBA 504 loans. CDCs handle the SBA-backed 40% portion of the loan. There are approximately 216 active CDCs operating across the United States, each licensed to operate in a specific geographic area.
What can I use an SBA 504 loan for?
SBA 504 loans can be used for: purchasing owner-occupied commercial real estate, constructing or renovating a building, buying major equipment with a useful life of 10+ years, and refinancing existing commercial real estate debt (in some cases). They cannot be used for working capital, inventory, or investment properties.
How much down payment do I need for an SBA 504 loan?
Most SBA 504 loans require just 10% down from the borrower — significantly less than the 20–30% typically required for conventional commercial real estate loans. Startups (in business less than 2 years) and special-use properties (like hotels or gas stations) may require 15–20% down.
How do I find an SBA 504 CDC near me?
Use our directory to search SBA 504 CDCs by state. Each CDC profile shows real loan volume data sourced from SBA FOIA public records, including total loans approved, total dollar amount, and geographic service area. CDCs are licensed to serve specific regions, so finding one authorized in your state is the first step.
What are current SBA 504 interest rates?
SBA 504 loan rates are fixed for the life of the loan and are tied to 10-year U.S. Treasury rates plus a small spread. As of early 2026, effective 504 rates are approximately 6.0–7.5% for 20-year terms and 6.5–8.0% for 25-year terms. These rates are typically lower than conventional commercial mortgage rates.
Transparent, Verified Data
Every CDC profile is built from SBA FOIA public records. No paid placements affect rankings.