Tag Archives: Lending Newsletter

August 2017 HCDC SBA 504 Loan Fundings

10 Aug, '17

Hampton Inn Newport Project Cost = $14,553,076 HCDC SBA 504 Loan = $4,488,000 Third-Party Lender = Park National Bank Banker = Jay Hyson    AFS Construction Services LLC Loan 1 Project Cost = $391,000 HCDC SBA 504 Loan = $164,000 Third-Party Lender = CenterBank Banker = Ben Johnson   Loan 2 Project Cost = $175,000 […]

Kelsey Chevrolet Expands with Help from an HCDC SBA 504 Loan

04 Aug, '17

Kelsey Chevrolet purchased Lawrenceburg Chevrolet in March 2015, utilizing an SBA 504 loan through HCDC with Fifth Third as its partner. The total project cost was $4,727,653.08, with the 504 debenture at $1,712,000. The owner/operators Walt Kelsey, Mike Kelsey, and Paul Cluxton, went to Chief Lending Officer Greg Meyers at Cincinnati Federal Savings who then […]

HCDC, Inc. Merges with Stark Development Board Finance Corporation

25 Jul, '17

Cincinnati, OH – July 25, 2017- The U.S. Small Business Administration (SBA) has officially approved a Plan of Merger between HCDC, Inc. of Cincinnati, Ohio and Stark Development Board Finance Corporation of Canton, Ohio. Both organizations are Certified Development Companies (CDCs) providing financing through the SBA 504 Loan Program to small businesses. “The only constant […]