SBA 504 Loans

What is, and why would you want a SBA 504 loan? The SBA website says it best. But for those who need a better explanation.

The SBA 504 loan, is designed to help small business owners getting “long-term, fixed-rate financing for major fixed assets, such as land and buildings”. As a government loan it is designed to help the community and create jobs, and if your priorities meet up with theres the more money the loan is worth.

This loan can be up to maximum $1.5 to $2 million dollars and even up to $4 million dollars for small manufacturing, the closer you come to meeting the governments goals the more money the will loan you.

So if you need a good loan to grow your small business by getting new equipment, adding a new location, or expanding your current one this is a great loan for you and the community.