LoanHard difficulty

SBA 504 Loan Program

U.S. Small Business Administration

Amount
$125K – $20.0M
Interest Rate
Below-market fixed rate
Max Term
25 years
Approval Time
60–90 days

About This Program

Long-term, fixed-rate financing for major fixed assets like real estate and heavy equipment. Structured as a partnership between a bank and a Certified Development Company (CDC).

Eligibility Requirements

Minimum Credit Score
650
Minimum Years in Business
2
Minimum Annual Revenue
$250,000
Eligible Business Types
llc, s corp, c corp, sole proprietor, partnership

Documents Required

  • 2 years business tax returns
  • Personal financial statement
  • Business plan
  • Property appraisal (for real estate)
  • Equipment quotes

How to Apply

  1. 1Check your eligibility using our free checker tool
  2. 2Gather the required documents listed above
  3. 3Visit the official program page and submit your application
  4. 4Wait for review — typical approval takes 60–90 days
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