SBA 504 Loan

Details

SBA 504 loans provide up to $5m long-term, fixed rate financing for major fixed assets that promote business growth and job creation. Here's how it works:

• Must be a US-based for-profit company
• Have tangible net worth of less than $15 million
• Have an average net income of less than $5 million after federal income taxes for the 2 years preceding application
• Requires a feasible business plan and demonstrated ability to repay the loan

Want to prepare for the SBA 504 application? Consider completing your funding-ready checklist