Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Child Day Care Services
- Fitness and Recreational Sports Centers
- RV (Recreational Vehicle) Parks and Campgrounds
Quick Summary
Purchase Area Development Dist is an SBA-certified Certified Development Company (CDC) headquartered in Mayfield, Kentucky. Since 2010, they have approved 49 SBA 504 loans totaling $29.0M, with an average loan size of $592K. They serve businesses across 2 states.
About Purchase Area Development Dist
Purchase Area Development Dist is an SBA-certified Certified Development Company (CDC) headquartered in Mayfield, Kentucky. Since 2010, they have approved 49 SBA 504 loans totaling $29.0M, with an average loan size of $592K. They serve businesses across 2 states.
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Frequently Asked Questions
What does Purchase Area Development Dist do?
Purchase Area Development Dist is an SBA-certified Certified Development Company (CDC) based in Mayfield, Kentucky. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Purchase Area Development Dist handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Purchase Area Development Dist approved?
According to SBA FOIA public records, Purchase Area Development Dist has approved 49 SBA 504 loans totaling $29.0M since 2010. Their average loan size is $592K.
What states does Purchase Area Development Dist serve?
Purchase Area Development Dist serves businesses in 2 states: Kentucky, Tennessee.
How do I apply for an SBA 504 loan through Purchase Area Development Dist?
To apply for an SBA 504 loan through Purchase Area Development Dist, 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+.
Get in Touch with This CDC
Contact Purchase Area Development Dist
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