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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.

How do you determine if I am eligible for an SBA 504 loan? - BLP - Business Lending Partners
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How do you determine if I am eligible for an SBA 504 loan?

To be eligible for the SBA 504 program, each business must meet the following criteria:

  • Operate as a “for profit” business.
  • Be considered a “small business” under SBA’s size standards:
    • Under the 504 Program, the business qualifies as small if it does not have a tangible net worth more than $15 million and does not have an average net income more than $5 million after federal taxes for the preceding two years.
    • If these standards are exceeded, the business can still qualify for the program by meeting other SBA size standards based on either the number of employees or annual revenue, depending upon the industry. Loans made to the owner-occupied real estate. For a quick no cost eligibility screening, please contact a BLP staff member. Read more on Eligibility criteria.

Read more on Eligibility criteria.

Categories: General, SBA 504
Tags: Business Owners, Lenders and Brokers
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