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Rural Health Information Hub

SBA Certified Development Company (504) Loan Program

Catalog of Federal Domestic Assistance Number: 59.041
Small Business Administration
Applications accepted on an ongoing basis

SBA Answer Desk:


The 504 Certified Development Company (CDC) Program provides small businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. 504 Loans are potential options for healthcare practitioners who want to build a new office or expand/renovate an existing medical building.

504 loans may be used for fixed asset projects such as:

  • Purchasing land and improvements, including existing buildings
  • Grading, street improvements
  • Utilities
  • Parking lots and landscaping
  • Construction of new facilities, or modernizing, renovating, or converting existing facilities
  • Purchasing long-term machinery and equipment

The 504 Program cannot be used for working capital or inventory, consolidating or repaying debt, or refinancing.


To be eligible, the business must be operated for profit and fall within the size standards set by the SBA. Consult the program website for specific eligibility requirements.

Geographic coverage
Amount of funding

Amounts vary.

Application process

Begin the process by choosing the Find Lenders link from the program website.

Tagged as
Capital funding · Clinics · Healthcare facilities · Hospitals · Infrastructure

Organizations (1)

For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.