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SBA 504 Loan Program

The SBA 504 Loan program is for existing businesses that need a capital injection for the purchase or improvements of hard assets. This means that a business that needs to borrow money to purchase land or equipment , or acquire a building could be eligible for the SBA 504 loan.

The program is intended to be used for job creation. For example, for every $50,000.00 in loan amount the small business will be required to create one job. (Small manufacturing has a $100,000.00 per job creation goal. Of course, there are exceptions that will apply. Please ask your SBA loan consultant for more information.

SBA 504 loan program | community development goals

You may also qualify if you meet the SBA community development goal. The goals of the policy are as follows:

  • Revitalization of local business districts
  • Improvements and increase in regards to exports
  • Development in the community for minority small business owners
  • Development of the counties rural communities
  • Improvements that would increase competitiveness and increase productivity
  • Hardship do to standards, restructuring, or policies mandated by the federal government
  • US veterans’ small business owners that would like to expand. (disabled veterans would be given special consideration)
  • Women who would like to expand their small business.

Go Back to the SBA 504 Loan page.
Learn more about the SBA 504 Loan Guarantee in the next article.

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