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Working with SPEDCO
We work directly with small businesses, but that’s not all. We also work with financial institutions, real estate companies, mortgage brokers, attorneys and CPAs to help secure SBA lending opportunities for their clients.
Why choose a 504 loan for your client?
There are many cost advantages to an SBA 504 loan. SBA 504 loans require a lower down payment (as low as 10%) and offer a fixed, below-market interest rate. So not only can your clients afford the financing they need to buy or build, but they also keep more cash for business expansion. A real estate purchase with a fixed-rate SBA 504 loan also offers your client a lower, more predictable occupancy cost.
Why SPEDCO?
SPEDCO is the preferred certified development company (CDC) vendor endorsed by the Independent Community Bankers of Minnesota. We’ve built a strong reputation as being ethical, efficient and totally committed to customer service. We'll work closely with real estate and finance professionals to help a borrower receive the long-term, fixed-rate financing needed to grow their small businesses— and benefit the community. Building economic success by creating new jobs is what we’re all about.
How we work with you
SPEDCO is a liaison with the SBA, helping lenders and borrowers navigate the paperwork and approval process. We'll gladly work alongside the borrower and his/her team of professionals in structuring the project. We'll prepare the small business loan documentation and both monitor and manage the whole process through closing. We also service all aspects of the SBA 504 loan for the entire term of the loan. Consider SPEDCO your own specialized small business lending division!
Contact us today to learn more about the advantages of partnering with SPEDCO.
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