SBA Business Administration (SBA) 504 Program
Opportunity Type: Loans and Loan Guarantees
Funder Type: Federal Government
Geography: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin
The SBA 504 Program provides long-term fixed-rate financing for small businesses for fixed assets such as land and buildings that will help create new employment opportunities or retain existing jobs. 504 loans are made through the SBA’s community-based partners, Certified Development Companies (CDCs). The majority of these loans are obtained by existing businesses looking to expand their operations. Typically a borrower is required to either create or retain one job for every $50,000 of total project cost.