Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Lessors of Nonresidential Buildings (except Miniwarehouses)
- Child Day Care Services
- Offices of Physicians (except Mental Health Specialists)
Quick Summary
Chesapeake Business Finance Co is an SBA-certified Certified Development Company (CDC) headquartered in Bethesda, Maryland. Since 2010, they have approved 207 SBA 504 loans totaling $256.6M, with an average loan size of $1.2M. They serve businesses across 5 states.
About Chesapeake Business Finance Co
Chesapeake Business Finance Co is an SBA-certified Certified Development Company (CDC) headquartered in Bethesda, Maryland. Since 2010, they have approved 207 SBA 504 loans totaling $256.6M, with an average loan size of $1.2M. They serve businesses across 5 states.
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Frequently Asked Questions
What does Chesapeake Business Finance Co do?
Chesapeake Business Finance Co is an SBA-certified Certified Development Company (CDC) based in Bethesda, Maryland. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Chesapeake Business Finance Co handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Chesapeake Business Finance Co approved?
According to SBA FOIA public records, Chesapeake Business Finance Co has approved 207 SBA 504 loans totaling $256.6M since 2010. Their average loan size is $1.2M.
What states does Chesapeake Business Finance Co serve?
Chesapeake Business Finance Co serves businesses in 5 states: Washington D.C., Delaware, Maryland, South Carolina, Virginia.
How do I apply for an SBA 504 loan through Chesapeake Business Finance Co?
To apply for an SBA 504 loan through Chesapeake Business Finance Co, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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Contact Chesapeake Business Finance Co
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