What is the SBA 504 Loan program?

The goal of the SBA 504 program is to create and retain jobs through long-term financing of real estate and equipment at a fixed, below-market interest rate. Businesses often have difficulty qualifying for traditional financing due to required down payments of 20 percent or more. Loans through the 504 Program can finance 90 percent (504 loan plus third party lender loan) of a project’s cost for qualifying businesses, preserving cash flow during a longer repayment term.

The SBA 504 loan program can be used to finance or refinance long-term fixed assets such as real estate and equipment. It's 10, 20, and 25-year term options, historically low rates, and 10% down payment (minimum) allow businesses to preserve cash flow for other business expenses. Click here to read stories of successful SBA 504 borrowers.