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Union State Bank
| Term | Value | Source |
|---|---|---|
| Loan amount | Not parsed | |
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| Prepayment penalty | Not parsed | |
| Maximum loan to value | Not parsed | |
| Draw period | Not parsed | |
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| APR | — | |
| Fees | — | |
| Access to fundsA Certified Development Company (CDC) is a private, nonprofit corporation that is set up to contribute to economic development efforts within its community. CDC’s work with SBA and private-sector lenders to provide financing to small businesses. A typical CDC/504 project includes: A loan secured from a private sector lender with a senior lien covering up to 50% of the project cost A loan secured from a CDC (backed by a 100% SBA-guaranteed debenture) with a junior lien covering up to 40% of the project cost A contribution from the borrower of at least 10% of the project cost (equity) Eligible Use of 504 Loan Proceeds Include: The purchase of land, including existing buildings The purchase of improvements, including grading, street improvements, utilities, parking lots and landscaping The construction of new facilities or modernizing, renovating or converting existing facilities The purchase of long-term machinery and equipment | WithheldUnion State Bank · Page Capture Oct 4, 2026 · Captured Oct 4, 2026 | Website |