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SBA 504 FINANCING
Are you looking to expand or modernize your
If you’re exploring your financing options,
then SBA’s 504 Loan
Program (or Certified Development Company (CDC) loan) may be for you.
to help small businesses grow, you can use funds to make purchases for real
estate and equipment,
just to name a few. Read on for more details to see if
this is a good option for you.
Am I eligible?
In addition to operating your business for
profit, you’ll need to have a feasible business plan and relevant management
expertise to be considered eligible for a 504 loan. As with any business
seeking SBA’s financial assistance, you’re also required to do business in the
United States or its territories. And you must have tried to use other
financial resources, including personal assets, before applying for a loan.
Here are some other requirements to consider:
- Your business must have a
tangible net worth of less than 15 million dollars.
- Your business must have an average
net income less than $5 million after taxes for the preceding two years.
- You must have the ability to
repay the loan on time from the projected operating cash flow of your
How can I use the
Loan funds can be used to:
- Purchase existing buildings;
- Purchase long-term machinery
- Purchase improvements
(including grading, street improvements, utilities, parking lots and
- Build new facilities or
modernize, renovate or convert existing facilities.
A 504 loan cannot be used for:
- Working capital or inventory;
- Consolidating, repaying or
refinancing debt (although for a portion of the project, you may refinance
debt associated with buying or renovating equipment or facilities); or
- Speculation or investment in
rental real estate.
What are the amounts
and repayment terms?
Maximum loan amounts are determined by how they’ll be used – if they support
goals associated with job creation, public policy or small manufacturing. The
loan terms also vary. For land and buildings, the loan term is 20 years; it’s a
10-year term for machinery and equipment.
Think the 504 Loan Program might be for
you? call 1888-316-1787 or email firstname.lastname@example.org and learn more about
the application process today.
1st Coastal Commercial Capital - 3201 Mountain Rd Suite 116 - Pasadena, MD 21122
Office Phone: (410) 255-7437 Fax: (410) 360-1429 Cell Phone: (443) 257-9096
Toll Free Phone: (888) 316-1787
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