B:Side Fund SBA 504 Loans

SBA 504 financing for small businesses through B:Side Capital, a Certified Development Company (CDC) and Lender Service Provider.

Program Focus: Direct loans to small businesses for permanent job creation or retention

Geographic Scope: Colorado, New Mexico, Utah, Arizona

Eligibility Requirements:

• Size Test: Business must be deemed "small" by SBA size definition (by industry or alternative standards)
• Purpose Test: Loan proceeds must promote permanent job creation or retention for low- or moderate-income individuals or in specific census tracts. Loans made in conjunction with a CDC presumptively qualify
• Retail Lending Test: Any size loan to a small business with $1 million or less in gross annual revenues

Loan Components:

• Interim and permanent third party loans available
• Can be used for real estate, equipment, and business acquisition

CRA Credit: As of April 1, 2023, any bank loan tied to the SBA 504 program automatically qualifies as economic development, meeting the Community Development Financing Test for CRA credit

• Over 5,000 small business loans funded
• Over 33,000 jobs created
• $9.06 billion injected into the economy

Contact:

• Phone: 303.657.0010
• Email: hello@bside.org
• Address: 3350 Brighton Blvd, Suite 235 Denver, CO 80216
• Lending Team Contact: Available through lender portal

Application Process

1. Submit Loan Application – Contact B:Side Capital or submit through Lender Portal
2. Provide Documentation – Current financial statements for business and personal
3. SBA Approval – Project reviewed and submitted for SBA approval
4. Loan Closing – Upon approval, proceed to closing

Required Materials

• Business financial statements
• Personal financial statements
• Business plan
• Tax returns
• Collateral documentation (typically deed of trust on property being purchased)
• Corporate documents (business licenses, lease agreements, operating agreements, incorporation documents)

Collateral Requirements

• For SBA 504 loans, collateral is often a deed of trust on the property being purchased
• Must notify lender if planning to sell collateral during loan life to discuss replacement collateral