SBA 504 Loans

A LONG-TERM FIXED-RATE SOLUTION.

The U.S. Small Business Administration established the 504 loan program to help businesses purchase or expand commercial real estate and acquire equipment while preserving working capital.  A 504 loan puts such fixed-asset projects within reach for small businesses by requiring lower down payments than conventional financing and providing long-term, fixed-rate interest rates.  It also reduces the risk to lenders through its structure as second mortgage financing.

Eligible 504 loan uses:

• Land and building purchases
• Building construction, expansion, and remodeling
• Equipment and machinery purchases
• Professional fees and soft costs (i.e. appraisals, attorney fees, etc...)