Eligible Uses

  • Land Acquisition
  • Site Improvements
  • Existing building expansion or renovation
  • New construction
  • Equipment acquisition and installation
  • Associated costs such as title insurance fees, legal fees, appraisals, environmental reports, architects fees, surveys, points on bridge loans, furniture and fixtures, etc.
  • Refinancing – Limited debt refinancing is permitted but must involve a business expansion where the refinance may not exceed 50% of the project costs (other restrictions apply).

Ineligible Uses

  • Working Capital
  • Inventory
  • Rolling Stock (trucks, cars)
  • Acquisition Financing
  • Construction Period Financing

Eligible Businesses

  • Must be a for-profit entity
  • Size Standard: Business net worth cannot exceed $8.5 million and average net profit (after taxes) for 2 years not to exceed $3 million. The business can meet other SBA size standards based on either number of employees or annual revenue, dependent upon the industry.
  • Citizenship Requirement: The business owner(s) must be U.S. Citizen(s) or resident alien(s) with permanent resident status.
  • Occupancy Requirement: The business must intend to occupy at least 51% of an existing structure or at least 60% of a newly constructed building.
  • Job Requirement: The small business must meet the job creation/retention requirement or qualify for a waiver. The general requirement is on job per $65,000 in funding for typical 504 loans, or $100,000 for small manufacturers or those projects that meet any of the SBA’s public policy goals. (Job waivers are attainable).

Ineligible Businesses

  • Non-profit businesses
  • Lending institutions
  • Insurance institutions
  • Gambling organizations
  • Businesses of a prurient nature
  • Businesses of restricted nature that exclude based on race, sex, or creed
  • Speculative businesses/development
  • Businesses located in a foreign country


SBA 504

April 2019

25-Year Fixed Rate:


20-Year Fixed Rate:


10-Year Fixed Rate: