SBA 504 Loan

Designed to help your business create wealth by purchasing your commercial real estate

SBA 504 loans can be used to buy, build or renovate commercial real estate properties, or to purchase equipment that has a life expectancy of 10+ years. In most cases, a 504 loan project requires a down payment of only 10 percent of the total project cost from the borrower, with the remaining amount split between a first mortgage provided by a commercial lender and a second mortgage provided by a certified development company (also known as a CDC).

Some of the things that the program cannot be used for include: working capital, partner buyouts, business acquisitions, franchise fees and so forth. These financing needs are better suited for our  SBA 7(a) loan program.


SBA 504 loans feature:

  • As low as 10% down, so you can keep your cash working to grow your business. Single-purpose facilities or start-up businesses may require a slightly higher down payment for SBA 504 loans
  • Below-market FIXED interest rates with payments fully-amortized over 25 years, no balloon
  • No maximum loan amount (unlike 7a loan), so it’s flexible enough to meet your needs
  • No additional collateral required
  • Closing and other soft costs can be added to SBA 504 loans
Loan amount

$1,000,000 to $22,000,000

Terms

10 year – 25 years

rates

2.7% – 5%

Ready to Advance Your Business Forward

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Our Process

GET TO KNOW YOu

A conversation with one of our loan specialists to understand your business and financial goals. 

UNDERSTAND YOUR OPTIONS

We’ll walk you through the loan application process and recommend the best options based on your business and financial profile.

MATCH YOU WITH THE RIGHT LENDER

We match you with the bank or non-bank lender in our network most likely to approve your loan application.

stay by your side

Your dedicated loan specialist will provide ongoing support through the entire loan process.