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Economic Development - Business News

Posted on: September 26, 2023

Business Myth Busters

504 Capital Corporation

MYTH: The Small Business Administration's 504 Loan is only for new or small businesses. 

FACT: The SBA 504 Loan Program provides an attractive financing option for businesses with a tangible net worth of up to $15 million and an average net income of up to $5.5 million.

September rates range from 6.81% to 7.05%. There is no limit on project size and no cap on third party lender loan amounts. There is also no limit to the number of SBA loans per borrower.

If your business needs to expand or purchase fixed assets, don't overlook the SBA's 504 Loan program. Call the 504 Capital Corporation today to see if your business and project qualify. Their experienced lending officers are passionate about helping your business succeed by taking full advantage of the SBA lending programs available to help you grow.

Learn More on 504 Capital Corp Website
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