SBA 504

SBA 504 Loan Program (SBA Loan)

The SBA 504 Loan Program is designed to provide fixed-rate financing for major fixed assets that promote business growth and job creation. This may include the purchase of fixed assets which usually include commercial real estate, buildings, machinery/equipment at below market rates. The 504 program works by distributing the loan among three parties, the business owner that puts a minimum of 10%, a lender that puts up 50% and a Certified Development Company (CDC) that puts up the remaining 40%. Certified Development Companies are non-profit corporations which exist to support economic growth in their local areas.

Term

• First Loan : 10 Year maturity with a 25-year amortization
• Second Loan (CDC) : 20 to 25 years, fully amortized.

Contact Us

SBA Unit
Phone: 213-251-3090
Email: sba@shbamerica.com