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Certified Development Company (504) Loan Program
The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are about 270 CDCs nationwide. Each CDC covers a specific geographic area. (Find the CDC in your area.)
Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.
Maximum Debenture
The maximum SBA debenture is $1,000,000 for meeting the job creation criteria or a community development goal. Generally, a business must create or retain one job for every $50,000 provided by the SBA.
The maximum SBA debenture is $1.3 million for meeting a public policy goal. The public policy goals are as follows:
• Business district revitalization
• Expansion of exports
• Expansion of minority business development
• Rural development
• Enhanced economic competition
• Restructuring because of federally mandated standards or policies
• Changes necessitated by federal budget cutbacks
• Expansion of small business concerns owned and controlled by veterans
• Expansion of small business concerns owned and controlled by women
WHAT FUNDS MAY BE USED FOR:
Proceeds from 504 loans must be used for fixed asset projects such as: purchasing land and improvements, including existing buildings, grading, street improvements, utilities, parking lots and landscaping; construction of new facilities, or modernizing, renovating or converting existing facilities; or purchasing long-term machinery and equipment.
The 504 Program cannot be used for working capital or inventory, consolidating or repaying debt, or refinancing.
TERMS, INTEREST RATES AND FEES:
Interest rates on 504 loans are pegged to an increment above the current market rate for five-year and 10-year U.S. Treasury issues. Maturities of 10 and 20 years are available. Fees total approximately three (3) percent of the debenture and may be financed with the loan.
COLLATERAL:
Generally, the project assets being financed are used as collateral. Personal guaranties of the principal owners are also required.
ELIGIBLE BUSINESSES:
To be eligible, the business must be operated for profit and fall within the size standards set by the SBA. Under the 504 Program, the business qualifies as small if it does not have a tangible net worth in excess of $7 million and does not have an average net income in excess of $2.5 million after taxes for the preceding two years. Loans cannot be made to businesses engaged in speculation or investment in rental real estate.
New York's benchmark contract, light sweet crude for delivery in September, spiked at an unprecedented 43.85 dollars a barrel before settling at a record high finish of 43.80 dollars, up 1.05 dollars on the day.
Traders said it could hit 45 dollars soon.
Luck,
Scottrade will not let you buy CMKX or USCI but you can sell it if in your accounts.
Next month should be very interesting for QBID.
cas,
Pretty interesting when you can sell it but not buy it. It's usually the other way around.
Scottrade continues to refuse to place buy orders on USCI like CMKX...only sell orders...I wonder how much they're short...next month should be very interesting for USCI.
USCI/p
Volume more then CMKX.
USCI vol more then CMKX.
William Henry Hosts Hoagland on Dreamland
It's Richard Hoagland Week on Unknowncountry.com, and we have a very special surprise for you!
This week Dreamland welcomes its new alternate host, William Henry. To celebrate, we're giving away a copy of the William Henry Stargate DVD with every order you place in the Unknowncountry.com store, as long as supplies last!
William's first-ever guest will be Richard Hoagland in one of the most explosive and interesting interviews you are going to hear. William's extensive knowledge of myth and ancient lost science ties in magnificently with Richard's information as they discuss everything from shocking new Mars information to the secret reasons for the Iraq war.
Did he say was the float was...I don't care about O/S.
#6 at pinksheets.com...eom
IEME/p
some trades
This is getting more interesting. Oil prices at records highs, oil property, oil contracts, technology that oil companys want, increased demand for oil. Now Scottrade saying you can sell USCI back to them but not buy it from them.
LFG,
Yeah, maybe it's a scam like CMKX. If I were you I wouldn't buy either.
I put it on the USCI website yesterday.
steeve,
I don't know. It reminds me of CMKX and their 504. Perhaps they oversold the 504 placement and the MM are short. Time will tell.
USCI/p
As of today Scottrade will no longer place buy orders on USCI only sell orders. Just like CMKX.
News:
As of today Scottrade will no longer place buy orders on USCI only sell orders.
Free Research Report from 3 weeks ago:
http://cobrand.knobias.com/templates/aware/view/issuerservices.htm?site=IH&ticker=USCI
Origin,
I hope USCI rocks and rolls...it looks like it may to me...
Oil at $43 dollars a barrel...new high
Oil at $43 dollars a barrel...new high
It's getting ready to move...
cyber,
I called yesterday:
Just got off the phone with USCI. There was a 504 placement to raise $1,000,000 to build more tech. When the capital is raised selling will stop. It looks to me that they're almost there. There will be several news releases starting in a couple of weeks. No reverse is planned nor can one be made for at least a year they said. It looks like they're on the way to recovery. imo
origin,
If you want to buy now, and its at a cheap price currently, you need to at the ask. The reorganization is taking place. Let whoevers doing it do their job. Patience until the new web sites and PRs are released. They said it's coming.
j,
Lets wait and see what happens. Looks like the selling may have ended and the stock is on its way back up. I guess USCI got enough money to service their contracts.
looking better all the time...eom
We get a dividend...eom
no, not yet.
USCI/p
Just got off the phone with USCI. There was a 504 placement to raise $1,000,000 to build more tech. When the capital is raised selling will stop. It looks to me that they're almost there. There will be several news releases starting in a couple of weeks. No reverse is planned nor can one be made for at least a year they said. It looks like they're on the way to recovery. imo
USCI/p
Just got off the phone with USCI. There was a 504 placement to raise $1,000,000 to build more tech. When the capital is raised selling will stop. It looks to me that they're almost there. There will be several news releases starting in a couple of weeks. No reverse is planned nor can one be made for at least a year they said. It looks like they're on the way to recovery. imo
USCI/p,
Does anyone know when the new business plan and Website will be back up? And anything about those International Mid-East contracts?
Well,
From what I've seen SO far is that RCN is just the FIRST network that QTelevision has named at THIS point. The NEXT few weeks we may see MORE networks added. This is BUILDING up to be something MASSIVE.
The planets are in position and Jupiter is favorable to a PR next week.
oh well...lets see it happen
Skunks,
Not until its on the air will I believe it...eom
Skunks,
Again, I won't believe it until I SEE it.
skunks,
I don't think QBID thought that RCN would put out a PR.