Since US Cargo Control was founded in 2005, the company has been growing rapidly. Our most recent expansion is now getting underway with a 42,750- sq. foot addition to our warehouse. The project was made possible in part by a loan program through the government’s Small Business Administration (SBA)- the SBA 504 loan program.
The SBA 504 Loan program is a powerful economic development program that offers small businesses an option for business loan financing. The long-term, fixed-rate financing can be used for expansion or modernization and is made available through a Certified Development Companies (CDC).
A SBA loan 504 is a partnership between a CDC, the SBA, and a lender. Because the SBA loan guidelines and steps to obtain a SBA 504 loan can be complex, we’ve developed a series of SBA 504 videos in hopes that it can answer common questions about the program. The SBA 504 program has been extremely helpful to building our business, so we’re excited to be able to share what we’ve learned with others that may be looking to start a small business or expand their existing business.
We’ll include the full transcript below each video for easy reference. Please feel free to comment or ask questions below each video or send us a personal message via the “Contact Us” link at the bottom of the page.