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Join us as we celebrate the launch of the 504 Express Loan Program at CMDC!
We are proud to share that the new SBA 504 Express program is now live and available for applications at CMDC! This new option for the SBA 504 Loan Program will bring new efficiencies and benefit small businesses in local communities across Minnesota.
The new in-house additional delegated authority creates an expedited path to approving, closing, and servicing 504 loans that are $500,000 or less and meet Express Loan eligibility requirements.
SBA 504 Express helps speed up the process of getting fixed-rate financing to small businesses.
SBA 504 Express supports a focus on smaller commercial real estate loans which ultimately helps CMDC serve even more small businesses while also modernizing the program.
The SBA 504 Express Loan program will provide expedited processing for certain smaller loans which will allow SBA’s Loan Processing Center to focus more staff resources on larger, more complex loans. This will reduce approval timelines for all SBA 504 Loans regardless of size.
Contact CMDC today to see if an SBA 504 Express Loan is right for you!