Pre-Payment Information

If you have an SBA 504 Loan:

We can provide an estimated payoff amount to you for planning purposes. Once you decide to pay off your loan, please keep this information in mind:

• Capital CDC must have written notice that the loan is going to prepay. Written notice is due by the 6th business day of the month in which the loan will be paid off.
• The payoff amount is the sum of the following: Outstanding note balance at the semi-annual date; monthly payments (minus CDC fees) due up to and including the semi-annual month; and prepayment premium (if any).
• A prepayment penalty may apply. The prepayment penalty is a declining amount over the first half of the term of the debenture.

Please contact our portfolio/servicing office immediately for more information and to establish a payoff date.