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SBA 504
218 West Washington Street, 10th Floor
South Bend, IN 46601
Phone: (574) 288-5758
Since 1982…
BDC has encouraged small business start-ups and business expansions by offering supplemental long-term, fixed-rate loans in partnership with traditional lenders.

In supporting entrepreneurs and business owners, BDC is stabilizing and revitalizing our local communities by preserving existing jobs and creating new employment opportunities – more than 6,000 to date in Indiana and Lower Michigan.

Click here for BDC Brochure

The U.S. Small Business Administration (SBA) has designated BDC as a Priority Certified Development Company (CDC), certified to participate on a permanent basis in the program that SBA has approved to participate in an expedited 504 loan and Debenture closing process.

April 2021 25 Year Debentures 20 Year Debentures 10 Year Debentures
Rate 3.08% 3.02% 2.70%

Contact us for more information. View historic interest rates.


Latest News
2019 BDC Annual Awards Luncheon

Business Development Corporation held its Annual Awards Luncheon in November to honor its “Bank of the Year”, “Banker of...

2018 BDC Annual Awards Luncheon

The BDC would like to congratulate this year’s Annual SBA 504 Loan Program Awards winners for their accomplishments in...

$5.5 Million SBA 504 Project – Bearcat Anodizing, LLC

In conjunction with First State Bank and the Business Development Corp. of South Bend, IN (BDC), an SBA 504 project financing package of...

New President and COO of BDC

NEW PRESIDENT AND COO OF THE BUSINESS DEVELOPMENT CORPORATION Nick Dmitrovich July 3, 2018 The Business Development Corporation (BDC) is proud...