SBA 504 Loan Program
Access funds to grow your small business. The Small Business Association (SBA) offers 504 loans to eligible U.S. firms. What is an SBA 504 loan? Explore SBA 504 loan program requirements and eligibility today.
Rafael Marrero & Company can support your launch efforts to become a strategic supplier of goods and services with the world’s richest customer: The U.S. Federal Government. Our team of professionals can also help you determine which market segment or supply chain areas are the most appropriate choices for your business.
What Is an SBA 504 Loan?
The SBA 504 program provides financing for the purchase of fixed assets, which usually means real estate, buildings, and machinery, at fixed, low rates. This program helps small business owners in the purchase of commercial properties, machinery, and equipment.
It also provides long-term, fixed-rate financing up to $5 million, and is available via Certified Development Companies (CDCs), which are certified and regulated by the SBA.
While there are many specific assets that may qualify for this type of financing, here are the most common options:
- New facilities
- Existing buildings
- Existing land
- Long-term equipment and machinery
- Existing facility improvements
- Land and utility improvements
What Are SBA 504 Loan Program Requirements?
Here are the SBA 504 loan program requirements that you must meet to be eligible for this type of financing:
- Have less than $15 million in tangible net worth
- Have less than $5 million in average net income after federal income taxes for at least two years preceding your SBA application
- Operate as a for-profit company in the U.S. or its possessions
Although borrowers need to meet the SBA loan eligibility requirements and complete their applications according to a specific guideline, our team of experts can help your small business get funding via this financial option.
How Can Rafael Marrero & Company Help?
Rafael Marrero & Company’s B2G professionals are well versed in advanced marketing services aimed at the federal level and can discuss future growth and capacity planning. In addition, we offer specialized SBA business plan development support services and personalized loan packaging assistance in the SBA’s programs, so you can get access to capital to meet your business needs while working with us on your federal contracting goals.
Request a consultation at no cost to you to discover how you can receive assistance and advice in understanding SBA 504 loan program requirements. Get the financing you need to win and complete federal contracts.