Business Financing Programs
SBA 504 LOANS
What is an SBA 504 Loan?
An SBA loan is a small business loan that is partially guaranteed by the government (the Small Business Administration), which eliminates some of the risk for the financial institution who is issuing the loan. Loans have the best terms and rates but are the hardest to secure.
SBA’s CDC/504 provides financing for major fixed assets such as equipment or real estate. You can obtain financing for such items as land purchase, purchase of improvements such as street improvements or parking lots, new construction of commercial property, even for long-term financing of machinery and equipment. Unlike with 7(a) loans, you cannot use the 504 programs for working capital.