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 .
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 Loan rates
Grow Loan Amounts
• $50,000 to $5.5 million
• 10, 20, or 25 years for machinery and equipment dependent on useful life
• Not more than $25 million
Ready to Apply?
Source: US Small Business Administration
Learn More About Our Other Loan Programs:
Subscribe to our mailing list to stay up-to-date with the latest news from NYBDC.
Last week, NYBDC and its affiliates The 504 Company and Excelsior Growth Fund provided over $2...
We are proud to announce that two NYBDC and affiliate The 504 Company clients have received Small...
We moved from April to May with an incredible week of lending, providing more than $12 million in...
In partnership with the small business banking community throughout New York, New Jersey and...
No matter what stage a business is in, we have a financing solution to support their goals for...