Eastern American Certified Development Company
Eastern American CDC is a Federally Chartered Certified Development Company (“CDC”) and non-profit corporation that provides support to the local community’s economic development through financial support to development projects via various types of governmental loans. Examples of such programs include the United States Small Business Administration (“SBA”) 504 Loan Program, the SBA 7a Loan Program, the United States Department Agriculture (“USDA”) Loan Program, as well as many other federally based programs.
SBA 504 loan is for business fixed asset purchase with only 10% down payment with low rate fixed for 20 years with no maximum limit. Commercial real estate, equipment and fixtures, and renovations.