Centralina Development Corporation, Inc. (CDC), a non-profit corporation, was designated a Regional Certified Development Company by the U. S. Small Business Administration (SBA) in 1982.  We finance small business enterprises with the SBA 504-Loan, which provides business owners in our region capital resources to finance real estate and fixed assets for growth and expansion, and job creation.  We pool traditional lending with SBA funding to create many opportunities for our business customers. Our service area is the entire state of North Carolina, with our office located in Charlotte.  Our Board of Directors is organized from our service area.  CDC also has local representation from its region on the Local Advisory Board and Local Loan Committees.  The CDC professional staff can offer you over 20 years of experience and knowledge, and has the resources that can connect your business to affordable capital with local loan servicing and portfolio management.  

Value added to our borrowers:

     Lower down payment (as little as 10%); allows a business
     to conserve valuable operating capital

     504-Loan program provides long term, fixed rate,
     subordinate mortgage financing and acquisition and/or
     renovation of capital assets including land, buildings and
     equipment.

     Virtually all types of for-profit small businesses are eligible
     for this program.

     Fixed interest rate is competitive and usually below market. 

       All project costs can be financed, including acquisition (land
     and building, land and construction of building, renovations,
     machinery and equipment) and soft costs such as title
     insurance, legal appraisal, environmental, bridge loan fees,
     and construction interest.  Closing costs may be financed.

     504-program benefits the borrowers community through job
     creation and retention, and increased commercial tax base.

     Our success over the past 20 years has earned us the
     National Association of Development Companies' (NADCO)
     award as the multi-county CDC with the highest 504-loan
     volume in the Southeast eight-state region for four
     consecutive years.  In 1991, SBA honored Centralina with  
     designation as an Accredited Lender, based on loan volume
     and demonstrated loan packaging ability.

As of September 30, 2003, Centralina has:

     projects totaling over $372 million

     422 loan approvals in our region

     over 6,902 jobs created or retained

     loans representing over $136.6 million in debenture
     financing

      provided annual property tax revenues in excess of $2.7
     million

     aided in creating annual incomes totaling $240.7 million

     and continues to manage and service a large and diverse
     loan portfolio

We will continue to provide capital resources, professional knowledge, successful project financing, and innovative ideas in assisting many more small businesses, while continually enhancing economic development and creating employment opportunities and growth throughout the state.