Borrowers... The Power of Ownership

Enterprise Development Corporation is a not-for-profit Certified Development Company (CDC) with one mission... Financing the growth of small businesses in Missouri.  Offering 504 refinance loans to small business owners allows them the security knowing that they will have a fixed interest rate throughout the life of the loan.
 

Our knowledgeable staff will provide you with the tools and assistance you need to secure an SBA 504 loan.  We will use our experience and dedication to customer service to ensure that borrowing to grow your business will go smoothly

A SBA 504 loan can provide the best possible financing structure available for refinancing real estate and equipment.
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The 504 Refinance Loan Program offers:
  • 25 year, 20 year and 10 year amortization
  • Fixed interest rate
  • LIttle or no money down

The 504 Refinance Loan Program can be used refinance:
  • Owner Occupied Real Estate
  • Equipment
  • Furniture and Fixtures
  • Equity to cash out of business

Qualifications for 504 Refinance Loan Program:

  • Conventional Debt that has been in place for at least 6 months
  • No delinquencies for the last 12 months.
  • 85% of original loan proceeds were used for real estate and capital assets.
  • Refinance must achieve at least a 10% cash flow improvement.
  • Project must meet either the required job creation or retention ratio, or meet one of fourteen Public Policy goals.

504 Refinance Process