SBA 504 Loan Program

QUALIFYING PROJECT COSTS

Qualified project costs generally include expenditures to acquire, construct, convert or expand a facility. Site improvements such as grading, parking lots, utilities and landscaping qualify. Professional fees directly attributable to the project such as surveying, engineering, appraisal and architectural may be included.

In addition, a construction contingency fund up to 10%, some machinery and equipment, and interim interest during construction can generally be included.

Investment and residential properties are ineligible.