Many small and mid-sized businesses are eligible for the 504 loan. Whether you need more space for your motel or new equipment for your manufacturing business, the SBA 504 loan can help.
Eligible borrowers
- For-profit enterprises
- Tangible net worth up to $15 million
- Net profit after taxes no more than $5 million during previous two years
- Meet at least one goal around job creation, public policy or community development through the project
Kinds of businesses served
- Auto and motorcycle dealerships
- Auto repair shops
- Car washes
- Childcare centers
- Dental offices
- Distribution centers
- Hair salons
- Heating and mechanical contractors
- Hotels and motels
- Internet companies
- Law offices
- Manufacturers
- Medical offices
- Restaurants and food service companies
- Retail and wholesale companies
- Veterinary offices
- Warehouses
Your local loan officer can help you determine if you qualify for the 504 loan.