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SBA 504 Loans

The SBA 504 loan program is an economic development program that promotes growth and job creation in American small businesses by providing fixed-rate financing for major fixed assets, such as land and buildings. The SBA 504 loan program is a partnership program between a Certified Development Company (CDC) and a lender.

  • Competitive rates for a variety of major investments
    • Land & building purchases
    • New construction or renovation
    • Heavy machinery or equipment purchases
    • Purchase of long term machinery and equipment
  • Collateral advance rate options available
    • Rates vary, up to 90% for commercial real estate
  • Fixed or variable rate options available
  • Loan amounts up to $10,000,000
  • Flexible terms to fit your budget
    • Real estate up to 20 years
    • Equipment up to 10 years
    • Projects involving both may qualify for a 20-year term
  • Prepayment penalties may apply*

*The SBA 504 twenty (20) year fixed rate loan has a 10 year prepayment penalty and the 504 ten (10) year fixed rate loan has a 5 year prepayment penalty. The 504 debenture interest rate sets the percentage of the prepayment penalty and is reduced by 10% each year for the first 10 years on a 20 year loan and reduced by 20% each year for the first 5 years on a 10 year loan.