SBA 504 second mortgage loans are ideal for businesses seeking financing for the acquisition and/or improvement of owner occupied real estate and equipment. Additionally, 504 loans can support the refinance of debt incurred for these purposes. This program provides access to low down payment financing while supporting business growth and job creation.
Use of Funds
• Acquisition and/or improvement of owner occupied real estate
• Acquisition of machinery or equipment
• Refinance of qualified debt
• Competitive, fixed interest rates. View our current 504 rates.
504 Loan Amounts
• $50,000 to $5.5 million
• 10 or 20 years for machinery and equipment dependent on useful life
• Not more than $25 million
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