Small Business Administration (SBA) Loans
The U.S. Small Business Administration (SBA) provides loan programs designed for small business owners. SBA loans can be approved with lower down payments, longer repayment terms, and more flexibility than conventional loans.
SBA 504 Loan Program
The 504 Loan Program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation. This program is a proven success and win-win-win for the small business, the community and participating lenders.
The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization.
| Loan Type | Best Use | Term | Loan Amount | |
|---|---|---|---|---|
| SBA 504 Loans | Focuses on long-term, fixed-asset financing such as real estate |
|
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Up to $5,000,000 |