504 Corporation - "A Financial Resource For Business Expansion and Development"

RAEDI provides management services including operations, loan packaging, closing and servicing for the Southeastern Minnesota 504 Development, Inc. This corporation was formed by RAEDI to provide better access to the U.S. Small Business Administration’s (SBA’s) 504 Loan Program. Depending on the asset's useful life, the 504 loan program provides up to 20 years of financing. Normally, the program leverages a bank loan with a 504 loan to finance up to 90 percent of project costs. With a smaller down payment, businesses are better able to expand their operations by utilizing cash for working capital.

More information, visit our web site at www.504Corporation.com