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SBA 504 Loans
The 504 is built for one thing: buying, building or improving the property your business operates from, or heavy equipment that will last at least ten years. It comes in two pieces — a bank loan and a fixed-rate loan from a Certified Development Company — so you keep a fixed rate for twenty or twenty-five years and usually put down only 10%. What it will not do is working capital, inventory, or investment property you do not occupy.
Apply Now- ●SBA's portion goes to $5.5 million; the whole project can be far larger
- ●Fixed rate for 10, 20 or 25 years
- ●About 10% down — the CDC and the bank carry the rest
- ●Owner-occupied property and equipment with 10+ years of life
- ●Cannot be used for working capital, inventory or rental property
Related programmes
View all- Purchase Order FinancingFunding to fulfill a large order before you get paid.
- Revenue-Based FinancingRepay as a percentage of revenue instead of a fixed payment.
- SBA ExpressA smaller SBA loan with a much faster answer — often inside a week.
- SBA CAPLinesAn SBA-backed line of credit for contracts, seasons and growing receivables.
- Merchant Cash AdvanceAn advance against future card sales, repaid via a fixed daily or weekly percentage.
- Business Acquisition FinancingFinancing to buy an existing business or buy out a partner.