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