SBA 504 Loan Program

The SBA 504 loan program is a long-term financing tool, designed to encourage economic development within your community. Provide your small business members with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization, all the while maintaining a first lien position with just a 50% LTV.

Proceeds from 504 loans must be used for fixed asset projects, such as:

  • The purchase of land, including existing buildings
  • The purchase of improvements, including grading, street improvements, utilities, parking lots and landscaping
  • The construction of new facilities or modernizing, renovating or converting existing facilities
  • The purchase of long-term machinery and equipment
  • Limited debt refinance