What are the 504 Loans?

504 loans are a form of fixed rate financing that is offered by the Small Business Association (SBA). The maximum amount offered is $5 million, and is typically used for business growth and job creation. It cannot be used for working capital or to consolidate or refinance current debts. To qualify for a 504 loan, the organization must operate as a for-profit company in the USA, have a tangible net worth of less than $15 million and have an average net income of less than $5 million.

For more information on 504 loans, visit the SBA website.