SBA 504 Loan


  • The 504 loan program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation
  • The maximum loan amount for a 504 loan is $5.5 million
  • A 504 loan can be used for a range of assets that promote business growth and job creation. These include the purchase or construction of:
  • Existing buildings or land
  • New facilities
  • Long-term machinery and equipment with a useful remaining life of a minimum of 10 years, including project-related AI-supported equipment or machinery for manufacturing products
  • Consolidating debt under the conditions listed in 13 CFR 120.882(Link is external), paragraph (e) and
  • Repaying or refinancing debt defined as "qualified debt" under 13 CFR 120.882(Link is external), paragraph (g)
  • Or the improvement or modernization of:
  • Land, streets, utilities, parking lots and landscaping
  • Existing facilities
  • A 504 loan cannot be used for:
  • Working capital or inventory
  • Consolidating, repaying or refinancing debt that does not meet the definition of "qualified debt"
  • Speculation or investment in rental real estate
  • The financing of AI-related working capital, intellectual property, or consulting services soft costs
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