Borrower Eligibility

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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:

  1. Are you a for-profit business in North Carolina?
  2. Does your business have less than $15 million in book net worth?
  3. Will this loan be used to finance the acquisition, construction or renovation of real estate or the purchase of equipment?
  4. 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.