Novelty Shirts is a manufacturing company that needs to expand its production facilities. Which of the following SBA programs would be best to acquire real estate valued at $150,000?

Question

Quizplus · Accepted Answer

The Certified Development Company (CDC) 504 Loan program is specifically designed to help small businesses acquire fixed assets such as real estate and equipment. The maximum loan amount is $5 million and the program is administered by the SBA in partnership with Certified Development Companies. The 504 loan provides long-term, fixed-rate financing with a down payment as low as 10% for the borrower. Therefore, it is the best choice for Novelty Shirts to acquire real estate valued at $150,000.

Novelty Shirts Is a Manufacturing Company That Needs to Expand