I need a document

Loan Interest Paid

How can I check my balance?
Can I pay off my loan?
Loan Interest Paid
I need a Document
Can I refinance the Bank's first loan?
Is my loan assumable?
What are the Annual requirements on my loan?
How can I change my contact information?
How can I change the Account for debit payments?
What do I do if my ACH is rejected?

Is my loan assumable? 
If you are selling the building, the buyer can assume your loan, provided it qualifies for an SBA 504 loan. The pre-payment penalty does not apply in this instance. There is a 1% assumption fee in favor of SoCal CDC.
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What are the Annual requirements on my loan? 
SBA requires CDCs to obtain the following information on an annual basis:


- current financial information (tax returns) for your business
- current copy of your hazard insurance on business property and/or equipment financed, with the following verbiage that MUST be included on the ACORD:

- Full Replacement Cost
- 10-day prior cancellation notice
- Borrower name, loan number, property address, policy number and expiration date
- SoCal CDC and SBA named as 2nd mortgagee and/or loss payee as follows:
    US SBA 
    c/o SoCal CDC
    27201 Tourney Road, Suite 201
    Valencia, CA 91355

Please send the information requested above to:


 By email: By fax:  By mail: 
 servicing@socalcdc.com  (877) 504-6622  SOCAL CDC
     27201 Tourney Road
    Suite 201 
    Valencia, CA 91355
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How can I change my contact information? 
If any of your contact information changes, please fill out this form. 
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How can I change the Account for debit payments? 
If you want to change the account that is automatically debited monthly, you need to submit a new ACH Authorization Form and a copy of a voided check to SoCal CDC.

The form must be received by SoCal CDC before the 13th of the month for changes to take effect the following month.

Please send the information requested above to:


 By email: By fax:  By mail: 
 servicing@socalcdc.com  (877) 504-6622  SOCAL CDC
     27201 Tourney Road
    Suite 201 
    Valencia, CA 91355

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What do I do if my ACH is rejected? 
For numerous reasons, sometimes your automatic debit is rejected. If this happens, please contact SoCal CDC immediately atservicing@socalcdc.com or 661-584-4800, and our staff will assist you with the process.
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Can I pay off my loan?

What is the Financing Structure?

What is the Financing Structure?

What is the Financing Structure?

You can check your loan balance at any time on your amortization schedule, that was provided to you at loan funding. The amortization schedule is a breakdown of your monthly loan payments for the term of the loan. This Schedule replaces monthly statements.
If you need further assistance with your balance or need a copy of your amortization schedule, please send your request to:servicing@socalcdc.com. Please include your name, business name, loan number, phone number and project address.
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If you need to request a copy of your 1098 Interest Paid Statement, please send your request to: servicing@socalcdc.com. Please include your name, business name, loan number, phone number and project address.

Please keep in mind that Statements are not available before January 31st.
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How can I check my balance?

Usually, the rate in your Bank's first loan is higher that the interest rate of your SBA 504 loan. If you want to refinance this loan, SoCal CDC will subordinate the SBA 504 loan to the new first loan. There are no fees associated with this request.
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    Existing Borrowers FAQ

Can I refinance the Bank's first loan?

SoCal CDC can provide you with copies of your loan documents, amortization schedules, etc., just send your request to: servicing@socalcdc.com. Please include your name, business name, loan number, phone number and project address.
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What is the Financing Structure?

What is the Financing Structure?

On SBA 504 loans, prepayments can be made on a monthly basis. If you wish to pay-off your balance, a written request must be received by SoCal CDC, no later than 30 days from the intended pay-off date. Note: Prepayments are only accepted on the 3rd Thursday of each month.

Please provide the following information in your written notice to SoCal CDC:

  • Month and date the loan is to be paid off (a 3rd Thursday)
  • SBA loan number(s) and property address
  • Your contact information, including phone number, email address and/or fax number
  • New mailing address if you will be moving from the property address referenced above
  • Escrow or Bank contact information, if applicable
  • Your signature and date signed


Once completed, send your request to:
 By email:                                                  By fax:                                   By mail: 
 servicing@socalcdc.com                         (877) 504-6622                      SOCAL CDC
                                                                                                                27201 Tourney Road
                                                                                                                Suite 201 
                                                                                                                Valencia, CA 91355 

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