Certified Development Company · SBA 504
Panhandle Area Council, Inc.
Hayden, ID · 44 504 loans since 2010, 27 in the last five years · active in 2 states.
What they finance
last 5 yearsProject sizes
bank first + CDC secondA 504 project is roughly half bank first mortgage, 45% CDC second and the rest your own money. This is the financed portion, not the whole project.
Banks they work with
first mortgage partners| Bank | Deals together |
|---|---|
| Glacier Bank | 14 |
| First Federal Savings Bank | 5 |
| Washington Trust Bank | 4 |
| bankcda | 2 |
| West Coast Community Bank | 1 |
| Sunwest Bank | 1 |
A 504 needs two lenders. The CDC arranges the SBA portion, a bank writes the first mortgage. If a CDC has done dozens of deals with a particular bank, that pairing works — which is worth knowing before you go hunting for a first mortgage on your own.
Their loans, year by year
cumulative % of CDC dollars charged offNot enough history yet to build a triangle.
504 loans default far less often than 7(a) — across the whole programme, 0.84% of dollars against 2.11% for 7(a). Real estate collateral is the reason. Numbers this small move sharply on a handful of loans, so read a single cell with care.
Is 504 right for you?
504 is for owner-occupied real estate and heavy equipment, and it fixes most of your rate for 25 years. The trade is two lenders, two closings and more paperwork than a 7(a).
Other CDCs to consider
Most CDCs lend across several states, so the nearest one is rarely your only option — and rates and service vary.