TBFC rebrands to 504 Capital Corporation, Expands Services and Geographical Area

504 Capital wants to reassure its customers that although the name has changed, the quality of customer service will not.

Chesapeake, VA – 504 Capital Corporation (formerly known as Tidewater Business Financing Corporation) has rebranded and extended to serve veterans and their spouses with fee reductions, and in addition to the state of Virginia, has expanded statewide into North Carolina and Maryland (as well as the D.C. metro area).

Designed to assist small business owners who are experiencing growth, 504 Capital provides Small Business Administration (SBA) loans to aid in the purchase of commercial real estate, equipment, and other fixed assets. In 2018, 504 Capital approved $20,698,000 to 46 small businesses for eligible SBA 504 projects.

One of the largest Certified Development Companies (CDCs) in Virginia since 1983 and the most active in the SBA’s Richmond District since 2016, 504 Capital provides VetLoan Advantage fee reductions to veteran-owned small businesses through the National Association of Development Corporation (NADCO). They are now expanding this program to include the spouses of veterans, and 504 Capital is proud to become the first CDC in Virginia to offer VetLoan Advantage Plus to America’s heroes and their families, creating new opportunities for the community of 2.5 million veteran-owned businesses in the U.S., and the 5.8 million people they employ.

How it works:

  • 504 Capital to pay half/up to $3,000 of Third-Party Lender Fee
  • Processing fees reduced to 1%

“While we continue to recognize and value the loyalty of our veterans, we think it is also important to recognize and support the spouses of veterans who have served in the military,” said Brent Swanson, President of 504 Capital Corporation.

504 Capital is a nonprofit supporting financial and industrial growth in Virginia, North Carolina, Maryland, and the District of Columbia.  The business is certified by the U.S. Small Business Development Administration (SBA).

For more information about 504 Capital Corporation and SBA 504 loans please call 757-623-2691.