Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Limited-Service Restaurants
- General Automotive Repair
- Child Day Care Services
Quick Summary
Southeastern Minnesota 504 Dev is an SBA-certified Certified Development Company (CDC) headquartered in Rochester, Minnesota. Since 2010, they have approved 268 SBA 504 loans totaling $175.7M, with an average loan size of $655K. They serve businesses across 3 states.
About Southeastern Minnesota 504 Dev
Southeastern Minnesota 504 Dev is an SBA-certified Certified Development Company (CDC) headquartered in Rochester, Minnesota. Since 2010, they have approved 268 SBA 504 loans totaling $175.7M, with an average loan size of $655K. They serve businesses across 3 states.
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Frequently Asked Questions
What does Southeastern Minnesota 504 Dev do?
Southeastern Minnesota 504 Dev is an SBA-certified Certified Development Company (CDC) based in Rochester, Minnesota. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Southeastern Minnesota 504 Dev handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Southeastern Minnesota 504 Dev approved?
According to SBA FOIA public records, Southeastern Minnesota 504 Dev has approved 268 SBA 504 loans totaling $175.7M since 2010. Their average loan size is $655K.
What states does Southeastern Minnesota 504 Dev serve?
Southeastern Minnesota 504 Dev serves businesses in 3 states: Iowa, Minnesota, Wisconsin.
How do I apply for an SBA 504 loan through Southeastern Minnesota 504 Dev?
To apply for an SBA 504 loan through Southeastern Minnesota 504 Dev, 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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