504 Program

Helping Small Businesses Reach Higher

In 1992, True Access Capital formed with the goal of using proven business strategies in new and innovative ways to provide loans and business advice to community-based organizations and entrepreneurs in low-income communities throughout Delaware.
A non-profit Community Development Financial Institution, True Access Capital stays true to its commitment to support disadvantaged entrepreneurs launch and grow small businesses. Since its inception, True Access Capital has pumped over $28 million into local economies, supporting more than 1,100 businesses and organizations.

Small Business Loans Up To $5 Million

As a Certified Development Company, or CDC, True Access Capital works with lenders to provide financing to small businesses under the Small Business Administration’s 504 program.

Financing Fixed Asset Purchases And/Or Improvements:

  • Land or building purchases
  • Leasehold improvements
  • Equipment (must have a useful life of at least 10 years)
  • Refinancing of existing debt (conditions apply)

Benefits of the 504 Program:

  • Increased Lending Capital — up to $5 million for each individual small business need (or up to $5.5 million for manufacturers or energy efficient uses)
  • Low-Interest, Fixed Rate Financing — 10 or 20 years
  • Lower Down Payment — as little as 10% in most cases

504 Loan Structure:


  • Special Purpose Buildings are those which cannot be easily converted to another use: i.e. gas stations, movie theaters, bowling alleys
  • New Businesses are those less than 2 years old

As one of fewer than 300 CDCs nationwide, True Access Capital is well positioned to help Delaware’s small businesses succeed with access to the capital they need to grow.

To learn more about the 504 Program, please contact Rachel Baldini, Director of Lending, at 302-652-6774, ext. 113 or rbaldini@firststateloan.org.