CEDCO Small Business Finance inline

How Do Small Businesses Help The Economy?

woman in yellow top and apron holds a sign that says "open" in chalk. She is a new business owner.

The SBA recently increased its size standards for small businesses in an effort to expand access to its loan programs. This is an important step in the association’s ongoing quest to support small business owners. In 2022 alone, the federal government awarded $163.9 billion dollars to small businesses, accounting for nearly a quarter of all […]

Financing a Car Wash With the SBA 504 Loan?

white car in a car wash tunnel

It seems you can’t throw a rock these days without hitting a “car wash coming soon” sign. But what is it about a car wash that makes it such an appealing business opportunity? And what are your financing options? Let’s take a closer look at why car washes are one of the fastest growing industries […]

Personal Financial Statement

snippet of the SBA personal financial statement form

How to Fill Out SBA Form 413 The application process for a SBA 504 loan can seem a bit daunting. There are documents to gather, phone calls to make, and, of course, forms to fill out. One of the most important forms in ensuring your loan is approved is the Personal Financial Statement, also known […]

Green Small Businesses May Qualify for More in Loans

Wooden sign reading "go green"

There are plenty of advantages to adopting energy-efficient business practices, the most pragmatic of which is saving money on utilities and other overhead expenses. But did you know that the SBA also offers incentives to businesses that meet their energy requirements? Read our article to find out more about how you can increase your SBA […]

Should You Buy Commercial Real Estate?

For sale sign for commercial real estate

Many types of businesses require commercial real estate from which to operate. From office spaces to warehouses, these spaces provide a brick-and-mortar place of operations for many entrepreneurs. In general, there are two means of securing commercial real estate: leasing and buying outright. There are pros and cons to each, which we will discuss further […]

Understanding the SBA 504 Loan to Support Women-Owned Businesses

When you are a woman-owned business, obtaining the financing you need to thrive can be a challenge. The Small Business Administration (SBA) offers a range of options, including the SBA 504 loan. The SBA 504 loan program can be used to purchase fixed assets and it can be especially beneficial for businesses that are seeking […]