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The WBDC Explains the 504 SBA Loan
The SBA 504 loan program, administered by the Worcester Business Development Corporation (WBDC) in partnership with local banks like Webster Five, offers small businesses up to $5 million in financing with only 10% down payment. The program structures loans with 50% from the bank, 40% from the SBA, and 10% from the borrower, featuring 25-year fixed rates below market value. This financing tool supports diverse projects across central Massachusetts—from startup companies and family businesses to hotels and manufacturing facilities—helping owners preserve working capital while investing in real…
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