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, our lending team provided over $3.8 million in alternative financing for small businesses...
Our team of expert lenders strive to help small businesses grow every day. Last week we provided...
Our lending team finished the month of October strong by providing over $2.5 million to help...
Our team of expert lenders provided $2,231,000 in alternative financing last week for four...
Last week our team closed five loans totaling $7.5 million for New York State businesses. With the...