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 or any of your loan documents, please send your request to: servicing@statewidecdc.com. Please include your name, business name, loan number, phone number and project address.

SBA loan payments are due on the 1^st of the month (or the first business day thereafter).  SBA uses a third party to process all SBA Loan Payments referred to as the Central Servicing Agent (CSA). The CSA cannot debit your account on any other day.

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.

1. Current financial information (tax returns) for your business
2. 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
  • Statewide CDC and SBA named as 2nd mortgagee and/or loss payee as follows:
    US Small Business Administration
    c/o Statewide CDC
    426 D Street
    Davis, CA 95618