Interim Financing

Once the SBA has approved the loan, your bank or credit union will provide interim financing for the purchase of your land, building, and equipment, including the costs of new construction if necessary, up to 90% of the total project costs. Working directly with the bank/credit union to handle the initial purchase and construction loan makes it very convenient for the small business.

Utah CDC works closely with your bank or credit union to make sure all the pieces fall into place so we are ready to complete the financing package. Once you are in your new building, and/or your new equipment is installed…we are ready to move forward with your SBA 504 Loan Closing and Funding!