STATEWIDE REACH FOR SBA 504 AND BROWNFIELD LENDING
The Capital Regional Development Council and its partners provide creative
small business and impactful development financing solutions, not just products.
SBA 504 REFINANCING IS NOW PERMANENT.
CONTACT CRDC STAFF FOR DETAILS.
The Capital Regional Development Council, CRDC, is a very competitive source for creative and non-trational financing for small businesses, real estate development, and more. Let us work with your financial institution to make your project happen. From SBA 504 commercial real estate loans to direct small business loans and Brownfield loans, CRDC has the expertise and experience to get your project financed!
Stephen Heavener: 603/496-1875, email@example.com
Liz Sweeney: 603/369-6146, firstname.lastname@example.org
Jenn Boulanger: 603/369-6147, email@example.com
Kim Imbriglio: 603/369-6073, firstname.lastname@example.org
OCTOBER 2016 SBA 504 20-YEAR EFFECTIVE FIXED RATE: 4.72%
BRADFORD LOAN FUND: In addition to the direct loan programs described under the Small Business Lending section, CRDC manages a small business loan fund targeted to growing businesses in the Town of Bradford in Merrimack County and surrounding communities. Loans of between $10,000 and $200,000 are available for real estate acquisition and improvements. Working capital loans are also eligible. The funds can be only used to fill a financing gap or match bank financing. Typically, a borrower is already working with a bank on a potential loan and the bank lender identifies a funding gap and reaches out to a CRDC lender to discuss a potential loan to address the gap. These funds typically provide less than 50 percent of the total project costs. Please contact a CRDC loan officer for additional information.
OCTOBER 2016 20-YEAR REAL ESTATE EFFECTIVE RATES: 4.51% FIRST FIVE YEARS, 4.72% FULL 20-YEAR TERM.
SEPTEMBER 2016 10-YEAR MACHINERY EFFECTIVE RATE: 4.85%.
The rates are set monthly by SBA's investment bank, Wells Fargo, after review of market rates.
EFFECTIVE RATE MEANS THE TOTAL ANNUAL INTEREST RATE WITH ALL COMPONENTS (INVESTOR DEBENTURE RATE, SBA FEE, SERVICING AGENT FEE AND CRDC FEE).
PRINTABLE CRDC FACT SHEET: PDF
FY 2016 (October 1, 2015-September 30, 2016)
SBA 504: 7 loans funded: $2,995,000 ($427,857 average loan size)
CRDC DIRECT PORTFOLIO LOANS: 20 loans funded: $1,992,700 total loaned ($99,635 average loan size)
TOTAL FY 2016 ACTIVITY: 27 loans funded: $4,987,700
9/30/16 TOTAL LOAN PORTFOLIOS YEAR-END REPORT
57 loans outstanding, $10,214,036 originated, $8,401,590 outstanding
78 loans outstanding, $33,335,000 originated, $24,998,505 outstanding
Capital Regional Development Council Practices Equal Treatment of Clients
CRDC does not discriminate on the basis of race, color, religion, sex, marital status, disability, age or national origin in services or accommodations offered or provided to our employees, clients or guests. These policies and this notice comply with regulations of the United States Government. Violations of this policy may be mailed to: Administrator, Small Business Administration, Washington, D.C. 20416.