The SBA 504 Loan Program provides long-term, fixed rate, subordinate financing for acquisition and/or renovation of capital assets including land, buildings, and equipment. Virtually all types of for-profit businesses are eligible for this program.

504 Loans Include

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Use of Funds

  • Purchase commercial real estate
  • Build or renovate commercial property
  • Buy equipment, machinery and fixtures
  • Refinance debt for commercial property and equipment
  • Pay eligible soft costs and professional fees


  • Lower down payment
  • Up to 90% financing
  • Long-term, below-market fixed interest rates
  • Refinance with potential 20% cash-out
  • No balloon payments


  • Owner-occupied commercial real estate: At least 51% applicant occupancy (60% for new construction)
  • For-profit business
  • Under $15 million in tangible net worth
  • Prior 2 years average after-tax net income under $5 million
  • Able to meet the down-payment requirement
  • Good credit history

Loan Structure

  • 50% Bank, 40% SBA 504, 10% Borrower Injection
  • Special Purpose*: 50% Bank, 35% SBA 504, 15% Borrower Injection

*Special Purpose: limited-market property with a unique physical design, special construction materials, or a layout that restricts its utility to the

SBA 504 Loan Structure

Ready to Apply?

Download and complete the application forms.

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