YouTube
The Coffee Barrel
Xtreme Clean Auto Wash
Arbor North
Bicycle Street Inn / McNally Development, LLC
Berger's Tavern

Reference Materials

Please feel free to download the following informational materials:

MCDC SBA 504 program brochure

504 basic requirements handout

Sample MCDC closing checklist

The following items are needed to file an SBA 504 loan application. Please contact the MCDC as soon as possible to see if your project qualifies.

Business Information

  1. A history and description of the business.
  2. Tax returns for last 2 years. Please provide financial statements also, if available.
  3. Interim financial statements dated within last 120 days.
  4. Projected income statement for two years after the loan.
  5. Proforma Balance Sheet.(sample form)
  6. Monthly cash flow analysis for first 12 months of operation.
  7. Business schedule of existing debt dated same day as interim financial statement.(form)
  8. Franchise agreement (if franchise).
  9. Two years of financial statements and/or tax returns for any business a borrower has 20% or more ownership of.

Personal Information

for each 20% or more owner *

  1. Copy of the most recent personal federal tax return.
  2. Personal History Statement (SBA form 912)
  3. Personal Financial Statement (SBA form 413)
  4. Credit Reports no more than 90 days old
  5. Schedule of Previous SBA financing (form available if applicable)
  6. If borrower is not a U.S. citizen, photocopies of both front and back of resident alien's original documentation and signature on this (form).

Real Estate Information

  1. Real Estate Purchase Agreement or settlement statement.
  2. Construction cost budget and/or equipment invoices.
  3. Appraisal
  4. Existing Environmental studies

Miscellaneous

  1. Executive Orders- Part C (form)
  2. MCDC Terms of Services and Authorizations Agreement with a $2,500 deposit. (form)
  3. MCDC Application (form)

*IDENTIFICATION PROCEDURES

To help the government fight the funding of terrorism and money laundering activities. Federal law requires all 504 lenders (Certified Development Companies) to obtain, verify, and record information that identifies each person who applies for a 504 loan.

When you apply for a 504 loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.