Do you own a business? 

If you own your own business, you can use a SBA 504 loan to: 

  • Construct a new facility 

  • Purchase an existing building 

  • Purchase land and build a new building 

  • Renovate existing facilities 

  • Purchase machinery and equipment for long-term use 

  • Refinance up to 90% of your current appraised property value, and include Eligible Business Expenses

  • Refinance debt in connection with renovating facilities or equipment 

  • Purchase or build a building on leased land

Why use the SBA 504 loan program:

  • Up to 90% financing, means less down payment and improved cash flow 

  • SBA 504 loans have lower rates than traditional loans 

  • No balloon payments, fully amortizing 

  • Include professional fees like the cost of your appraisal and environmental reports, along with loan fees 

  • Below market, fixed rates. Your payments are fixed and the worry rent going up or the building being sold are gone 

SBA 504 Fact Sheet