The SBA 504 loan is available to many small and medium-sized businesses. Answer these questions to find out if your business is likely to be eligible:
- Are you a for-profit business in North Carolina?
- Does your business have less than $15 million in book net worth?
- Will this loan be used to finance the acquisition, construction or renovation of real estate or the purchase of equipment?
- If the loan will be used for real estate, will the building be owner-occupied?
If you answered YES to the above questions, you are likely eligible for an SBA 504 loan! Contact us today to get started.
Not sure if you’re eligible? Give us a call. Our experienced lending team can help you figure it out. And if you’re not eligible for 504, we can refer you to our non-504 commercial lending department.
Self-Help SBA 504 loans are limited to North Carolina. To find 504 lenders in other states, use the SBA’s CDC search tool.