SBA 504 loans
The 504 program pairs a bank loan with an SBA-backed loan to finance buildings, land and major equipment with a low down payment and a long fixed rate.
- Use
- Real estate, big equipment
- Terms
- 10 to 25 yrs
- Rate
- Fixed
- Down payment
- Often 10%
Who usually qualifies
- Buying or building property you will occupy
- Buying large, long-life equipment
- Profitable or near-profitable businesses
Not sure this is the right fit?
Tell us about your business. If another option fits better, we will match you there instead.
SBA 504 loans questions
Can I use a 504 for working capital?
No. 504 loans are for fixed assets. A 7(a) or line of credit covers working capital.