1 / 4

504 Loans

504 Loans. Kayla O’Barr & Hunter Songer. What is a 504 Loan? . 504 programs provide fixed-rate financing for businesses acquiring new facilities or purchasing equipment to update existing locations .

vila
Télécharger la présentation

504 Loans

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 504 Loans Kayla O’Barr & Hunter Songer

  2. What is a 504 Loan? • 504 programs provide fixed-rate financing for businesses acquiring new facilities or purchasing equipment to update existing locations. • A 504 loan is used to help a small business buy the assets that it needs to take their business to the next level. • It is used when businesses want to upgrade facilities or buy new equipment to better their business. • Usually used for real estate, buildings and machinery, at below market rates.

  3. Relative Cost • The maximum amount of a 504 loan is $5 million.

  4. First Steps of Obtaining the Loan • The SBA has a search engine for finding local CDCs. • Contact the local SBA District Office and find where you might could get a 504 loan. • Another source would be talking to a local bank that has a niche in SBA lending.

More Related