The SBA 504 Loan Program

The 504 Loan Program provides long-term, fixed-rate financing with low down payments to businesses. These loans are used to acquire real estate, machinery or equipment for expansion or modernization.

A Typical Project Includes:

The 504 Loan Program is designed for:

• For-profit businesses
• Start-ups and existing businesses
• Owner-occupied businesses 

Benefits to your small businesses:

• Low, fixed interest rates - with the 504, borrowers benefit from a low interest rate, which is ​​fixed for either 10, 20, or 25 years.
• 10% down payment - in most cases, borrowers are required to inject only 10%, which preserves working capital for business growth.
• Predictable monthly payments - borrowers lock in a low fixed interest rate, which gives them predictable payments and allows them to easily plan for the future. 

The SBA 504 Refinance Loan Program

What's Eligible? 

• Businesses that have been in operation 2 years or more.
• Businesses that occupy at least 51% of their building.
• Debt that has been in existence for a minimum of six-months that has been secured with project property real estate.