Fascinating Facts About 504

Did you know…

• Last year, 9471 SBA 504 loans were approved in the US. Those loans totaled $6.7 billion. This was a 15% increase in the number of loans made nationwide and a 27% increase in 504 dollars loaned over the prior year.
• The average 504 loan increased by over $100,000.
• There are approximately 270 Certified Development Corporations (CDCs) in the US, approximately 10 in NC.
• BEFCOR tied for the top NC 504 lender in 2011, was #1 in 2012, and is leading the state in 2013.
• SBA’s decision time on BEFCOR’s loan applications is generally 2-3 days.