MADCO/SBA 504
There's good news for small businesses interested in long term,
fixed-rate, subordinate financing - Metro Area Development Corporation
or MADCO.
MADCO is a private, non-profit corporation that works with the
U.S. Small Business Administration (SBA) to arrange affordable financing
for small, growing businesses in Oklahoma.
MADCO's goal is simple, to help businesses grow and expand and
thereby create new, private-sector jobs.
Although MADCO is entirely privately financed, it is a Certified
Development Company (CDC) certified by the Small Business Administration
to provide SBA 504 loans. These loans offer many advantages to small
businesses including long-term, fixed rate financing with a low
down payment. By blending a SBA 504 loan with private financing,
small businesses can often secure otherwise unavailable financing
at a rate that is lower than would be available without SBA assistance.
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