Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Supermarkets and Other Grocery (except Convenience) Stores
- Offices of Dentists
- Limited-Service Restaurants
- Lessors of Nonresidential Buildings (except Miniwarehouses)
Quick Summary
Black Hawk Economic Developmen is an SBA-certified Certified Development Company (CDC) headquartered in Waterloo, Iowa. Since 2010, they have approved 187 SBA 504 loans totaling $105.1M, with an average loan size of $562K. They serve businesses across 3 states.
About Black Hawk Economic Developmen
Black Hawk Economic Developmen is an SBA-certified Certified Development Company (CDC) headquartered in Waterloo, Iowa. Since 2010, they have approved 187 SBA 504 loans totaling $105.1M, with an average loan size of $562K. They serve businesses across 3 states.
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Frequently Asked Questions
What does Black Hawk Economic Developmen do?
Black Hawk Economic Developmen is an SBA-certified Certified Development Company (CDC) based in Waterloo, Iowa. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Black Hawk Economic Developmen handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Black Hawk Economic Developmen approved?
According to SBA FOIA public records, Black Hawk Economic Developmen has approved 187 SBA 504 loans totaling $105.1M since 2010. Their average loan size is $562K.
What states does Black Hawk Economic Developmen serve?
Black Hawk Economic Developmen serves businesses in 3 states: Iowa, Illinois, Missouri.
How do I apply for an SBA 504 loan through Black Hawk Economic Developmen?
To apply for an SBA 504 loan through Black Hawk Economic Developmen, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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