A Certified Development Company (CDC) is a nonprofit organization that works with the U.S. Small Business Administration (SBA) to promote economic development. CDCs primarily focus on providing financing to small businesses through the SBA 504 Loan Program, which helps businesses acquire fixed assets like real estate and equipment. These companies play a crucial role in supporting local economies by facilitating access to long-term, low-interest loans. By partnering with private lenders, CDCs help small businesses grow and create jobs, contributing to community development and economic stability.