Tip:
Highlight text to annotate it
X
Looking to expand or modernize your small business?
SBA's 504 loan program provides small business owners with
financing for major fixed assets such as real estate or equipment
These long-term, fixed rate loans
are made through CDC's or certified development company, SBA's
community-based partners.
So you get financing for your business
while you help create jobs in your community.
504 funds may be used to purchase land and existing buildings
Build a new facility or make improvements to your existing facility
or purchase long-term machinery and equipment
For a portion of the project, you may also refinance debt associated with buying
or renovating equipment or facilities.
Loan terms vary.
For land and buildings, the loan term is twenty years.
It's a ten-year term for machinery and equipment.
To be eligible for a 504 loan,
your businesses must operate for profit and fall within SBA's size standards.
Your business must also have a tangible net worth of less than fifteen million dollars.
Think the 504 loan program is for you?
visit SBA dot gov slash 504 for more information
and get started today.