SBA 504 Loan

The SBA 504 Loan1 program provides financing for major assets, such as commercial real estate, new construction, leasehold improvements and equipment. It features a low down payment, fixed rates and longer repayment terms than conventional bank loans.

Features & Benefits

  • Your down payment may be as low as 10%, which can preserve cash for your business
  • Offers longer repayment periods: up to 10 years for equipment purchases and 20 years for commercial real estate
  • Multiple loans may be refinanced
  • Enjoy favorable, fixed interest rates

Other Key Facts

  • Projected income of a business is considered, in addition to historical cash flows, which is advantageous for growing businesses
  • Guarantor support may be less critical in qualifying for a loan
  • Funds cannot be used for working capital or inventory
  • Your company must operate as a for-profit company to be eligible

1. All offers of credit are subject to credit approval, satisfactory legal documentation, and regulatory compliance.  Borrowers are responsible for any appraisal and environmental fees plus customary closing costs, including title, escrow, documentation fees and may be responsible for any bank fees including bridge loan, construction loan, and packaging fees.