PHOENIX, ARIZ. – CDC Small Business Finance, a community leader in the economic development field, was named Arizona’s SBA 504 Lender of the Year for the third straight year.
CDC Small Business Finance was recognized among all SBA 504 lenders in the state for the greatest loan production and impact in Arizona.
With a historically low rate (2.692% for the 25-year loan, effective through Wednesday) the SBA 504 has long been a smart and strategic tool for Arizona small business owners. It is often less expensive than leasing and buying a building allows them to invest in an asset. It offers a below-market fixed rate with only 10% down and 10-, 20- or 25-year terms.
“We’re proud that for three years in a row our Arizona office is the top SBA 504 commercial real estate lender. We work hard to help as many small business owners as possible secure the opportunity to buy a building for their business. Our deep expertise in 504 helps us close more deals and be a great partner to the small business, bank and real estate communities,” said Chris Bane, Vice President, Senior Commercial Lender with CDC Small Business Finance in the firm’s Phoenix office.
Bane and the Phoenix CDC office have helped local small businesses including Lo-Lo’s Chicken and Waffles and BBQ Island.
“The 504 loan is a smart vehicle for business owners looking to invest in their future through building and equipment ownership,” Bane said. “Through our suite of loan products, CDC Small Business Finance has helped more than 12,000 small business owners access $20.8 billion in financing across California, Arizona and Nevada.”
For non-real estate financing, CDC Small Business Finance offers a portfolio of working capital loan options.
The Phoenix office comprises Bane and Belinda Rosthenhausler, Vice President, Commercial Lender for Arizona and Nevada. For more information and current rate, visit cdcloans.com.