What Qualifies For An SBA 504 Loan

The SBA 504 loan will provide financing for:

• Purchase of land.

• Purchase or construction of a building.

• Renovation, including leasehold improvements.

• Purchase of machinery or equipment with a minimum useful life of ten years.

• Through September 2012 refinancing only of existing debt used for eligible assets.

• Refinancing of existing eligible debt up to 50% of new project costs.

• Related soft costs, such as construction period interest, professional fees, and standard real estate closing costs.

The SBA 504 program financing may not be used for:

• Working capital.

• To acquire property for purely investment purposes.