SBA 504 Loans
SBA 504 Loans are a great option for businesses owners in need of financing for the acquisition and/or improvement of owner occupied real estate and equipment. 504 Loans can also be used to refinance debt used for these purposes. This program supports the success of small businesses by providing access to affordable financing and flexible repayment terms .
Program Highlights
Program Details
Use of Funds
• Acquisition and/or improvement of owner occupied real estate
• Acquisition of machinery or equipment
• Refinance of qualified debt
Interest Rates
• Competitive, fixed interest rates. View our current 504 Loan rates
Grow Loan Amounts
• $50,000 to $5.5 million
Repayment Terms
• 10 or 20 years for machinery and equipment dependent on useful life
Project Size
• Not more than $25 million
Ready to Apply?
Source: US Small Business Administration
Learn More About Our Other Loan Programs:
Latest News
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Loan Closings: Week of April 16, 2018
Last week, NYBDC and affiliates provided more than $4.5 million in alternative financing. Whether... -
Loan Closings: Week of April 9, 2018
Last week, NYBDC and affiliates provided more than $4 million in alternative financing for small... -
Loan Closings: Week of April 2, 2018
Together with our affiliates Excelsior Growth Fund and The 504 Company, we provided more than $2.5... -
Loan Closings: Week of March 26,2018
NYBDC and affiliates finished off March strong by providing more than $3 million in alternative... -
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