What can the SBA 504 loan be used for?

The SBA 504 loan program can be used to finance or refinance long-term fixed assets such as real estate acquisition, construction, renovation or expansion, including the purchase of land. It can also be used for land and site improvements including grading, streets, parking lots, utilities or landscaping. You can purchase and install new machinery or equipment, pay for professional fees directly attributed to a project (surveying, engineering, architectural or legal). And some other options are business acquisition, partner buyout, or refinance commercial real estate.

What are the SBA Loan requirements?

Businesses must meet the small business size standard AND create jobs or meet a public policy goal to be eligible for an SBA 504 loan. More information on SBA 504 loan eligibility and requirements can be found at https://www.dakotabusinesslending.com/what-are-the-sba-504-loan-requirements/.

Loan Calculator

How can I apply for an SBA 504 loan?

← Back to FAQs

Those who are interested in applying for an SBA 504 loan can visit with a Dakota Business Lending loan officer in their area for details (click on the image below) or download an application on our SBA 504 home page.

Loan Officer Map - August 2019 - FINAL without Preston-01

SBA 504
Interest Rates

September 2021
10 Yr: 2.687%
20 Yr: 2.860%
25 Yr: 2.977%
*rates may vary

504 Loan Calculator

SBA 504Interest Rates

How can I apply for an SBA 504 loan?

SBA 504Interest Rates

SBA 504
Interest Rates

SBA 504
Interest Rates