|
Who Qualifies For An SBA 504 Loan CBFC will evaluate the business to determine if it's a candidate for an SBA 504 loan.
In order to be eligible for 504 financing a business must:
-
Be a for-profit corporation, partnership, proprietorship, or limited liability company.
-
Have a net worth of less than $15 million and an average income, after federal income taxes for the preceding two years, of less than $5.0 million.
-
Create employment opportunities.
Businesses that are ineligible for 504 financing include:
Michael Schwartz Advisor 4606 Wedgewood Blvd. Frederick, MD 21703 Tel: 301-668-1844 Fax: 301-668-1845 Schmas@aol.com |
John Sower President 1101 30th St NW #500 Washington, DC 20007 Tel: 202-625-4373 Fax: 202-342-0389 Sower1@erols.com |
David A Daniels, Jr Vice President 2012 Diane Lane Ellicott City, MD 21042 Tel: 443-878-8080 Fax: 410-720-2794 davdanjr@comcast.net |
Tom Turner Business Developer 12730 Scaggsville Rd Highland, MD 20777 Tel: 410-564-9085 Fax: 202-342-0389 tturner8533@msn.com | |