SBA Lending for Building Purchases or Improvements

A long-term, fixed rate loan up to $12 million for major fixed assets.

Small Business Administration (SBA) 504 Loans

Backed by the Small Business Administration, SBA 504 loans are a long-term, fixed rate financing solution. Small Businesses can borrow up to $12 million for major fixed assets that promote business growth and job creation in your community. .

The purchase or construction of: 

  • Existing buildings or land
  • New facilities 
  • Long-term machinery and equipment

The improvement or modernization of: 

  • Real estate improvements such as utility upgrades, parking lots, and landscaping
  • Modernization projects for existing buildings and building systems
Businesses that apply for an SBA 504 loan must meet some requirements such as: 
  • Be a for-profit business operating in the United States 
  • Meet SBA small business size standards for your industry 
  • Prove that your business cannot get similar financing elsewhere 

A 504 project generally has three main partners: 

  1. A Certified Development Company (CDC) that provides up to 40% of the financing (guaranteed by the SBA)
  2. A third party lender that provides 50% of financing 
  3. A borrower who contributes at least 10% of financing
Fixed Asset Needs

Purchase Fixed Assets

Including real-estate and expansion projects
Flexible Terms

Repayment Terms

10-25 years
Finance Fees

Attractive Rates

Ask a banker about terms and rates
 

Insights & Perspectives

Subject to credit approval

Serving Handsome Biscuit

Serving small businesses like Handsome Biscuit in Norfolk, VA. 
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