The SBA 504 loan program is for businesses that want to finance larger projects including commercial real estate, heavy equipment, construction and major renovations.
In addition, the SBA 504 loan program features a debt refinancing program which can help a business improve cash flow by lowering its monthly payments on existing conventional loan debt.
Benefits
  • Low down payments – as little as 10% of the total project cost
  • Longer repayment terms – up to 20 year repayment terms
  • Larger dollar limits - enables a business to finance the cost of acquiring and/or constructing larger fixed assets such as commercial real estate and heavy equipment
  • Competitive rates – providing more cash flow to use towards operating costs