Golden State Certified Development Corporation
SBA 504 Loans
Golden State CDC can help your business finance commercial real estate with as little as 10% down-payment; with long-term, below market fixed-rate SBA 504 financing.
We provide services throughout the State of California.
Golden State CDC offers loan packaging and debt placement services for businesses located anywhere in California.
Our business finance experts can help you structure and package your loan request to maximize your probability of gaining approval with the most favorable terms available.
Golden State CDC holds monthly Access to Capital workshop!
- Every 2nd Wed of the month from 4PM to 5PM
- Every 4th Wed of the month from 4PM to 5PM
- Must RSVP by phone or email: please call: (818) 205 – 1770
- Email: LPaniagua@GoldenStateCDC.org
- Space is limited
If your contact information changes at any time, please notify us right away.
Golden State CDC: Who We Are
Our mission is to promote the general welfare, wealth and prosperity of the people residing or operating businesses within the State of California, focusing primarily on promoting job creation in underserved and credit-challenged communities.
As a Certified Development Corporation (“CDC”) under the authority of the U.S. Small Business Administration’s 504 loan program, Golden State CDC has leveraged over $102 million in private investment into commercial real estate purchases for small business owners. Additionally, Golden State CDC operates an existing direct small business loan portfolio.
Frequently Asked Questions
What Is A 504 Loan?
Since it is fixed-cost and long-term as well as SBA-backed, the 504 is one of the best financing options available for small business owners today.
What is the maximum loan amount?
CDCs can exceed $5,000,000 and go as high as $5,500,000 of 504 financing for eligible manufacturing projects and for projects that incorporate energy saving technologies for sustainable design.
Rates and Terms
The small business owner’s monthly payment includes program fees and a loan loss subsidy fee which are financed as part of the loan. SBA 504 debentures are fully amortized securities and have no balloon payments. To compare interest rates, see the U.S. Treasury bond rates.
What is the Loan Structure?
CDCs are non-profit corporations that provide loans to encourage small business growth in their local communities and are unique to the 504 Loan program. The remaining 50 percent is provided by a banking partner.
SBA 504 Loan Structure
- 50% Bank Partner Loan
- 40% CDC Loan
- 10% Borrower Down Payment
Other assets of the business or principals are generally not required. (unless the company is a startup or the credit is unusually risky or the asset being financed is considered a single purpose asset or doesn’t appraise high enough).
Fees and Payments
Payments on the SBA 504 loan are made by ACH debit from the small business owner’s designated checking account on the first of each month after the loan closes. Payments on the SBA 504 loan are separate from payments on the 50% first mortgage loan.
Please complete this section if you are looking for assistance with:
• SBA 504 Commercial Real Estate purchase or refinance
• SBA loans for start-ups, business acquisitions & expansions
• Debt Placement
• Loan Packaging
Highly Qualified Team
President and Executive Director
Keith Colter, MBA
Vice President & Credit Manager
Colter is the former Chief Lending Officer of SBA & Small Business Services (SBS) at Business Partners, LLC.