Pikes Peak Regional Development Corporation works directly with your client. We tailor a financial package that meets program guidelines and the credit criteria of your client's business. PPRDC works directly with businesses to package, process, close and service the 504 Loan.
PPRDC's organized to assist business in financial growth through investments that will help them become more competitive in the marketplace. We issue debentures (bonds) sold in the private bond market to fund the 504 Loans. The bonds are fully guaranteed by the U.S. Small Business Administration.
|
Typical 504 Financing Structure |
|
Project
Costs |
Source |
Lien |
Funding
Limits |
Rate |
Term
Real Estate |
Term
Equipment |
|
50% |
Financial
Institution |
1st |
No Limit |
Market |
10 Years or
Longer |
7 Years or
Longer |
40% |
504 |
2nd |
min:$50,000
max:$2 mil |
Fixed |
20 Years |
10 Years |
10% |
Borrower |
|
|
|
|
|
|
Contact PPRDC for more information.