First crop of broker/developers certified

2013-10-15T18:00:00Z First crop of broker/developers certifiedTimes staff nwitimes.com
October 15, 2013 6:00 pm  • 

The first group completed a new broker/developer certification program that offers training on how to help 504 loan-eligible businesses get started up.

More than a dozen people just completed the program that is being offered by The Regional Development Co.

Brokers get extensive on-site training and attend presentations that help them get businesses off the ground with 504 loans. The U.S. Small Business Administration-backed financing lets business owners put up only 10 percent of their planned investment upfront, letting them pursue a broader scope for expansion.

Through the program, brokers learn about eligibility, loan amounts and the application process.

For information on the certified broker/developer program, visit www.rdc504.org or call (219) 467-0504.

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