States Served
Top Industries Financed
- Child Day Care Services
- Limited-Service Restaurants
- Fitness and Recreational Sports Centers
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
Quick Summary
Mid-Cumberland Area Developmen is an SBA-certified Certified Development Company (CDC) headquartered in Nashville, Tennessee. Since 2010, they have approved 75 SBA 504 loans totaling $52.9M, with an average loan size of $706K. They primarily serve Tennessee businesses.
About Mid-Cumberland Area Developmen
Mid-Cumberland Area Developmen is an SBA-certified Certified Development Company (CDC) headquartered in Nashville, Tennessee. Since 2010, they have approved 75 SBA 504 loans totaling $52.9M, with an average loan size of $706K. They primarily serve businesses in Tennessee.
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Frequently Asked Questions
What does Mid-Cumberland Area Developmen do?
Mid-Cumberland Area Developmen is an SBA-certified Certified Development Company (CDC) based in Nashville, Tennessee. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Mid-Cumberland Area Developmen handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Mid-Cumberland Area Developmen approved?
According to SBA FOIA public records, Mid-Cumberland Area Developmen has approved 75 SBA 504 loans totaling $52.9M since 2010. Their average loan size is $706K.
What states does Mid-Cumberland Area Developmen serve?
Mid-Cumberland Area Developmen primarily serves businesses in Tennessee.
How do I apply for an SBA 504 loan through Mid-Cumberland Area Developmen?
To apply for an SBA 504 loan through Mid-Cumberland Area 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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