What are the SBA 504 loan requirements?

For-profit corporations, limited liability companies, partnerships or proprietorships with net worth not more than $15 million and average net income not exceeding $5 million in the past two years are eligible for SBA 504 loans. The project being financed must demonstrate economic impact on its community, primarily through job creation or retention or some public policy objective. Ineligible businesses include investment companies, gambling facilities and lending institutions.