Lenders, Souris Basin CDC is dedicated to serving you and your customer, we do the paperwork not you.  The 504 loan programs offers great benefits for you and your client including:

• Mitigation of credit risk - lenders have first lien position and typically 50% loan-to-value ratio.
• Management of overall spending limits - with 504 small banks can entertain larger projects.
• Can assist more customers - leverages lending capacity across more borrowers and diversifies risk.
• Strengthening of core earnings - pricing of the bank's loan is at its discretion, 90% financing also means that more of its customers' funds remain on deposit.