Business LoansSBA 504 Loans

Get the real estate or equipment you need

The SBA 504 loan is specifically designed to help small businesses get the real estate and equipment financing they need to thrive.

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SBA 504 Loan Program
The Run Down
  • 10% down payment available on most commercial real estate and equipment loans
  • Small business loan to finance real estate or equipment
  • Favorable terms for small businesses through the U.S. Small Business Administration (SBA)
  • Loan maturity between 10–20 years
  • Between $2 million and $20 million in financing
  • No prepayment penalties — reduce your interest by paying early
  • Up to 90% loan-to-value ratio

Do I qualify for an SBA 504 loan?

The purpose of SBA loans is to help certain types of small businesses with favorable loan terms. To qualify, a business must meet the following criteria:

Read more about SBA 504 loan program qualification at SBA.gov

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Small business, big benefits

If you qualify for an SBA loan, you can take advantage of several great benefits that these loans provide, including:

  • More flexible qualification criteria than a conventional loan
  • Longer repayment terms than conventional loans
  • Lower down payments on fixed assets
Other options

Looking for general financing to purchase a business or get working capital? You should consider the SBA 7(a) loan program.

Ready to Get Started?

Speak to one of our business loan experts. We'll help you determine your exact needs and the best financing options available. When you're ready, we'll also help you apply for a business loan.

773-462-8651

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Get the right type of SBA loan

SBA 7(a) Loan

Quick Summary

Working capital for almost any business need.

Max Term
  • 5 to 7 years for working capital
  • 10 years for business acquisition or equipment
  • 25 years for real estate
Down Payment

10% minimum

Consider If

You need a small business loan to purchase a business or get working capital.

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SBA 504 Loan

Quick Summary

Purchase equipment or real estate. Also used for construction and renovation.

Max Term
  • 10 years for equipment
  • 20 years for real estate
Down Payment

10% 

Consider If

You need a small business loan to purchase commercial real estate or equipment

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