SBA 504 Loan Program

The SBA 504 Loan Program is designed for businesses looking to make a sizeable capital investment, such as a real estate acquisition, building expansion, or the purchase of additional business equipment.

Because this loan is guaranteed by the U.S. Small Business Administration, a smaller amount of collateral is typically required to obtain the loan from the bank. Eligible uses may include the purchase, construction, or improvement of fixed assets (real estate and/or equipment) and to refinance existing debt. It can be a particularly good option for businesses that want to preserve working capital, but want to make improvements today instead of postponing plans for years until additional capital can be generated.


  • Privately held, for-profit businesses with less than $15 million in tangible net worth and a two-year average of less than $5 million in annual after-tax profits
  • Businesses that conduct, or plan to conduct, business within the U.S.
  • Property must be owner-occupied or owned by an eligible passive company
  • Project must promote economic development.


  • Long-term, fixed-rate financing for 20 years
  • Low 10% down payment requirement
  • Short and simple documentation process; quick turnaround and closing