Pay Off My Loan
Prepayments on SBA-504 loans are made on a monthly basis. If you wish to pay your outstanding loan balance, you need to contact CDC in writing outlining your request. CDC must receive your written notice no later than the 25th day of the month prior to your prepayment date. For example, if your loan is to be prepaid in April, CDC must have your written notice by March 25th. Please provide the following information in your written notice to 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
Date and sign the letter and send to:
Margaret Roberson
mroberson@cdcloans.com
619.764.4718 fax


