UCEDC, a private nonprofit economic development corporation, has been working in close partnership with commercial lenders for over 35 years to offer financing solutions for small businesses.
As a Community Development Financial Institution (CDFI) and an SBA microloan intermediary lender, certified Community Advantage 7(a) lender, and Certified Development Company (CDC) 504 lender, we can step in to service your customers when they do not meet your lending criteria.
Working with UCEDC demonstrates to your customers that you are committed to helping them grow, even when they don't qualify for your loan services. And since we are not a depository institution, you retain your account relationships, along with the potential for account/services growth as the company grows.
Moreover, as we are a CDFI, a partnership with UCEDC can earn your bank CRA credit or consideration. You can earn credit by co-lending with UCEDC (as in the SBA 504 program) or consideration simply by referring customers to UCEDC for Community Advantage 7 (a) loans.
Read on to learn more about the specific benefits to your bank associated with the SBA Community Advantage 7 (a) and 504 loan programs. We're ready to work with you to build local communities, grow much-needed jobs, and enhance your customer relationships: contact us today at 908-527-1166.