The SBA 504 Loan Program: Helping Small Businesses Think Big

A long-term, fixed-rate solution

The U.S. Small Business Administration established the 504 loan to help businesses purchase owner-occupied commercial real estate and equipment while retaining working capital.

The SBA 504 loan puts financing within reach for small businesses through low down payments and long-term, low, fixed interest rates. And it reduces the risk to lenders through a shared financing structure.

Eligible 504 loan uses

• Land and building purchases
• New construction or renovation
• Heavy machinery or equipment purchases and moving expenses
• Debt refinancing of non-government guaranteed owner-occupied commercial real estate and equipment debt
• Soft costs (e.g., appraisals, title searches, attorney’s fees, etc.)

The SBA 504 loan boosts business expansion and supports economic development in communities nationwide.