SBA 504 Loan Program
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Advancing Growth with Targeted Investment Financing
The SBA 504 Loan Program is a powerful tool for business growth, designed specifically for major fixed asset purchases like real estate and equipment. It’s an ideal choice for businesses planning substantial investments in their operational infrastructure. Key advantages include long-term, below-market fixed rates and the ability to finance up to 90% of project costs, preserving working capital for businesses.
SBA 504 Loan Program Features
Use of Proceeds
- Real estate purchase
- Construction
- Equipment purchase
Loan Amounts
- 1st Mortgage: no maximum loan amount
- 2nd Mortgage: maximum of $5,000,000 – $5,500,000 depending on industry
Term
- Up to 20 years, fully amortizing
Advance Rate
- Up to 90% of total financing
Benefits
- Low down payment
- Fees can be financed
- SBA/CDC portion long-term fixed rate, full amortization, and no balloon payments
*Some credit restrictions may apply. Loans are subject to credit approval.
**Subject to sba.gov eligibility requirements.
A simple and hassle-free SBA experience
Get the support and advice you need. Our lending professionals strive to handle your loan request efficiently from application to closing so you can focus on what matters–growing your business.
Learn more about the SBA 504 loan program by scheduling a consultation with us.
