Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Offices of Dentists
- Limited-Service Restaurants
- Car Washes
Quick Summary
Southern Development Council is an SBA-certified Certified Development Company (CDC) headquartered in Mountain Brook, Alabama. Since 2010, they have approved 510 SBA 504 loans totaling $361.2M, with an average loan size of $708K. They serve businesses across 6 states.
About Southern Development Council
Southern Development Council is an SBA-certified Certified Development Company (CDC) headquartered in Mountain Brook, Alabama. Since 2010, they have approved 510 SBA 504 loans totaling $361.2M, with an average loan size of $708K. They serve businesses across 6 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA 504 Guides
Frequently Asked Questions
What does Southern Development Council do?
Southern Development Council is an SBA-certified Certified Development Company (CDC) based in Mountain Brook, Alabama. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Southern Development Council handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Southern Development Council approved?
According to SBA FOIA public records, Southern Development Council has approved 510 SBA 504 loans totaling $361.2M since 2010. Their average loan size is $708K.
What states does Southern Development Council serve?
Southern Development Council serves businesses in 6 states: Alabama, Florida, Georgia, Louisiana, Mississippi, Tennessee.
How do I apply for an SBA 504 loan through Southern Development Council?
To apply for an SBA 504 loan through Southern Development Council, 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 Southern Development Council
Ready to Apply for an SBA 504 Loan?
Compare all SBA 504 CDCs in Alabama or check if an SBA 7(a) loan is a better fit.
SBA 7(a) loans up to $5M · Faster funding · Check in minutes