The SBA 504 Loan Program

Event description

The SBA 504 loan program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation.

504 loans are available through Certified Development Companies (CDCs), SBA's community-based nonprofit partners who promote economic development within their communities. CDCs are certified and regulated by SBA. 

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
• Or the improvement or modernization of existing facilities, land, streets, utilities, parking lots and landscaping

NOTE: To be eligible for a 504 loan, your business must operate as a for-profit company in the United States or its possessions. And there are other requirements that will be discussed.