Business Owners

Business Owners

Do you own a business?

If you own your own business, you can use a SBA 504 loan to:

  • Construct a new facility
  • Purchase an existing building
  • Purchase land and build a new building
  • Renovate existing facilities
  • Purchase machinery and equipment for long-term use
  • Refinance up to 90% of your current appraised property value, and include Eligible Business Expenses
  • Refinance debt in connection with renovating facilities or equipment
  • Purchase or build a building on leased land

Why use the SBA 504 loan program:

  • Up to 90% financing, means less down payment and improved cash flow
  • SBA 504 loans have lower rates than traditional loans
  • No balloon payments, fully amortizing
  • Include professional fees like the cost of your appraisal and environmental reports, along with loan fees
  • Below market, fixed rates. Your payments are fixed and the worry rent going up or the building being sold are gone
  • Refinance up to 90% of your current appraised property value, and include Eligible Business Expenses
  • Refinance debt in connection with renovating facilities or equipment
  • Purchase or build a building on leased land

SBA 504 Fact Sheet

SBA Flyer