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Use it to cover unexpected costs, survive a slump, finance a short-term project, or even capitalize on a new business opportunity.

Loan Amounts

Up to $5,000,000

Speed of Funds

1-2 Months After Approval

Loan Term

10-30 years

Time in Business

2+ Years

The 504 Loan Program offers extended, fixed-rate financing to support the expansion of businesses and the generation of employment opportunities. These loans are accessible through Certified Development Companies (CDCs), local partners of the Small Business Administration (SBA) entrusted with the oversight of non-profit organizations and the advancement of economic development within their respective communities. CDCs are officially certified and supervised by the SBA. The highest loan amount attainable under the 504 loan program is $5.5 million. In the case of specific energy-related projects, borrowers may secure a 504 loan of up to $5.5 million per project, with a cap of three projects, not exceeding a total of $16.5 million. 

How can I utilize a 504 loan? 

A 504 loan can be employed for various assets that foster business expansion and job creation. These assets encompass the acquisition or construction of: · Preexisting structures or land · Newly constructed facilities · Long-term machinery and equipment Additionally, it can be used for the enhancement or modernization of: · Land, streets, utilities, parking lots, and landscaping · Existing facilities 

However, it is crucial to note that a 504 loan cannot be utilized for: · Working capital or inventory · The consolidation, repayment, or refinancing of existing debts · Speculative ventures or investments in rental real estate

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