ORIGINFORMSTUDIO.COM – SBA Form 1246 – Application for Certification as a Certified Development Company – The Small Business Administration (SBA) has released Form 1246, the Application for Certification as a Certified Development Company (CDC). The SBA created this form to certify economic development organizations that can provide financial and technical assistance to small businesses. This form is critical for any organization interested in becoming a CDC and receiving funding from the SBA. It contains important information about how to become certified, eligibility requirements, as well as what documents are needed when applying. By completing Form 1246, an organization can demonstrate its commitment to helping small businesses succeed.
Download SBA Form 1246 – Application for Certification as a Certified Development Company
|Form Number||SBA Form 1246|
|Form Title||Application for Certification as a Certified Development Company|
|File Size||58 KB|
|Form By||SBA Forms|
What is an SBA Form 1246?
The Small Business Administration (SBA) Form 1246 is an application for companies seeking to become a Certified Development Company (CDC). A CDC is a specialized financial intermediary that has been certified by the SBA and provides loan packaging, technical assistance, and other services to small businesses. By obtaining certification, these organizations are eligible to provide loans backed by the SBA 504 program.
In order to become certified as a CDC, an organization must complete the SBA Form 1246 and submit it with supporting documentation such as financial statements and resumes of key individuals. Upon approval from the SBA, these organizations are then eligible to provide 504 loans which can be used for business expansion projects or major fixed asset purchases such as land or buildings. Furthermore, CDCs also have access to additional financing options through their relationships with lending partners in order to better serve their clients’ needs.
What is the Purpose of SBA Form 1246?
The SBA Form 1246 is an application that allows organizations to become certified as a Certified Development Company (CDC). The CDC certification is granted by the U.S. Small Business Administration (SBA) and provides access to government-guaranteed loans under the successful 504 Loan Program. This program assists small businesses in obtaining long-term, fixed rate financing for major fixed assets such as land, buildings or equipment.
Organizations that are approved as a CDC allow lenders to offer alternative loan products and services through the SBA 504 Loan Program which can be tailored to meet specific business needs. These lenders are generally able to provide more favorable terms than traditional bank loans, and help small businesses obtain capital in order get their projects off the ground.
Where Can I Find an SBA Form 1246?
The Small Business Administration, or SBA, Form 1246 is an application for certification as a Certified Development Company. This form must be completed and submitted to the local SBA office in order to obtain certified status. The form requires information about your company’s location, size of business operations, ownership structure, certifications and more.
The SBA Form 1246 can be obtained by visiting the official website of the Small Business Administration. On the left side of their homepage there is a menu option titled “Forms” where you will find all available forms related to small businesses. From there click on “Certification & Licensing Forms” and scroll down until you locate the SBA Form 1246. You can then download a copy directly from their website or request it via mail by calling 1-800-827-5722.
SBA Form 1246 – Application for Certification as a Certified Development Company
The Small Business Administration (SBA) is dedicated to helping entrepreneurs achieve business success. One of the ways that the SBA does this is through its Certified Development Company (CDC) program. This program allows organizations to become certified as a CDC, and provide loans and loan guarantees under the 504 Loan Program. To apply for certification, prospective CDCs must complete Form 1246 – Application for Certification as a Certified Development Company. In this article, we will discuss what information is required on Form 1246 and what steps need to be taken in order to become certified as a CDC.