Eastern American CDC

Eastern American CDC is a Certified Development Lender that provides financial support for its local community's economic development through cooperation with local governments and local commercial banks. The professional management team and staff are subject to rigorous SBA training in the SBA 504 program.

By the Economic Aid Act, SBA announced a permanently changed SBA 504 refinance rule on 7/29/2021. Unlike the past service with many restrictions in the SBA 504 refinance, Eastern American CDC is ready to assist you in refinancing for small business owner's most benefit. If you've acquired fixed assets (land, equipment, and land improvement) through SBA 7(a) loan, we can refinance it to SBA 504 loan.

You can utilize the calculator below to estimate your monthly mortgage payment! It will helpful for you to plan the property purchase by knowing the monthly loan payment. Step 5. Add the number from Step 3 and Step 4. It will provide you a very close number to your monthly mortgage payment for SBA 504 loan.

If you want to learn more about SBA 504 loan, download our education material and study for it. We are always open to any questions about our loan. Prior Government Financing is one of the forms included in the 504 full application package. All government financing must be listed in the prior government financing schedule.

While Eastern American CDC mainly focuses on SBA 504 loans to support small business owners who have a plan to purchase owner-occupied commercial real estate, we have lots of connections with lenders that we can refer to the clients for the best suitable loan products.

When you work with small business owners who need financial assistance, let's connect together and we will provide the best advice to the clients whether it is about SBA 504 program or not.You will be loved to work with us. We will assist you via phone call, video conference call, or in-person meeting.