Loan Calculator
BLP Logo

The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

SBA Loans Eligibility - BLP - Business Lending Partners
page-template,page-template-full_width,page-template-full_width-php,page,page-id-6713,page-child,parent-pageid-7124,mkd-core-2.1,mikado-core-2.1,ajax_fade,page_not_loaded,,onyx child-child-ver-1.0.0,onyx-ver-3.4, vertical_menu_with_scroll,smooth_scroll,side_menu_slide_from_right,e-lazyload,elementor-default,elementor-kit-8101,elementor-page elementor-page-6713

SBA 504 Eligibility


A business or other organization whose primary goal is making money (a profit), as opposed to a non profit organization which focuses a goal such as helping the community and is concerned with money only as much as necessary to keep the organization operating. The business must be a sole proprietorship, partnership, limited liability company, or corporation.

The business must be small as defined by SBA as those businesses with a net worth below $15 million and an average net profit (after taxes) for the last two years of below $5 million.  The business can also qualify for the program by meeting other SBA size standards based on either number of employees or annual revenue, depending upon the industry.

The business must do business in the United States or its possessions. Ownership must be comprised of 51% U.S. citizens or registered aliens with green card.

For funding projects that include real estate, the business must intend to occupy at least 51% of the ‘Rentable Property’ for existing structures or at least 60% of the ‘Rentable Property’ initially (and 80% over time) for new construction projects.  “Rentable Property” is the total square footage of all buildings or facilities used for business operations, which may include exterior space (except parking areas) that is actively used in Borrower’s business operations.

The small business must meet the job creation/retention requirement or qualify for a waiver. The general requirement is one job per $75,000 in SBA funding for typical 504 loans, or one job per $120,000 for small manufacturers. If a business does not meet the job creation/retention goals of the SBA, they may qualify for the program under one of the other goals of the program.



Economic Development Objectives

Community Development Goals

  • Improving, diversifying or stabilizing the economy of the locality.
  • Stimulating other business development.
  • Bringing new income into the community.
  • Assisting manufacturing firms (North American Industry Classification System (NAICS), Sectors 31 “ 33).
  • Assisting businesses in Labor Surplus Areas as defined by the Department of Labor.

Public Policy Goals

  • Revitalizing a business district of a community with a written revitalization or redevelopment plan.
  • Expansion of exports.
  • Expansion of small businesses owned and controlled by women.
  • Expansion of small businesses owned and controlled by veterans (especially service-disabled veterans).
  • Expansion of minority enterprise development.
  • Aiding rural development.
  • Increasing productivity and competitiveness (retooling, robotics, modernization, competition with imports).
  • Modernizing or upgrading facilities to meet health, safety, and environmental requirements.
  • Assisting businesses in or moving to areas affected by Federal budget reductions, including base closings, either because of the loss of Federal contracts or the reduction in revenues in the area due to a decreased Federal presence.
  • Reduction of rates of unemployment in labor surplus areas, as such areas are determined by the Secretary of Labor.