The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation. This program is a proven success and win-win for the small business, the community and participating lenders.
- Fixed rate financing with as little as 10% down
- Use for expansion and modernization
- Made available through Certified Development Company (CDCs) and NBSB
Access government-backed lending for your small business!
- Designed for the needs of small businesses located in qualifying rural areas*
- Eligible uses include but are not limited to:
- Business conversion, enlargement, repair, modernization, or development
- Purchase and development of land, easements, rights-of-way, buildings, or facilities
- Purchase of equipment, leasehold improvements, machinery, supplies, or inventory
- Debt refinancing when new jobs will be created and other conditions are met
- Business and industrial acquisitions when the loan will keep the business from closing and/or save or create jobs
- Available in loan amounts up to $5 million
- Backed by the United States Department of Agriculture (USDA)
- Loan terms between 7 and 30 years
- Affordable payment plans
- Easy to apply
- Competitive rates
- Flexible terms
- Attentive, personalized service from start to finish