States Served
Top Industries Financed
- Residential Mental Retardation Facilities
- New Car Dealers
- Mayonnaise, Dressing, and Other Prepared Sauce Manufacturing
Quick Summary
South Central Illinois Regiona is an SBA-certified Certified Development Company (CDC) headquartered in Salem, Illinois. Since 2010, they have approved 3 SBA 504 loans totaling $3.1M, with an average loan size of $1.0M. They primarily serve Illinois businesses.
About South Central Illinois Regiona
South Central Illinois Regiona is an SBA-certified Certified Development Company (CDC) headquartered in Salem, Illinois. Since 2010, they have approved 3 SBA 504 loans totaling $3.1M, with an average loan size of $1.0M. They primarily serve businesses in Illinois.
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Frequently Asked Questions
What does South Central Illinois Regiona do?
South Central Illinois Regiona is an SBA-certified Certified Development Company (CDC) based in Salem, Illinois. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. South Central Illinois Regiona handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has South Central Illinois Regiona approved?
According to SBA FOIA public records, South Central Illinois Regiona has approved 3 SBA 504 loans totaling $3.1M since 2010. Their average loan size is $1.0M.
What states does South Central Illinois Regiona serve?
South Central Illinois Regiona primarily serves businesses in Illinois.
How do I apply for an SBA 504 loan through South Central Illinois Regiona?
To apply for an SBA 504 loan through South Central Illinois Regiona, 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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