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:
$1,000,000 to $22,000,000
10 year – 25 years
2.7% – 5%
Ready to Advance Your Business Forward
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.