SBA 504 Loans

The SBA 504 loan is designed to assist small business owners obtain long-term financing for capital assets like the purchase of real estate and equipment. Recognizing that small business owners sometimes have more difficulty getting traditional business financing but need funds to grow, the SBA 504 loan provides financing for businesses to make the investment in their own facilities, continue to expand and create new jobs. Small business owners can buy their own building or build a larger facility to accommodate increased sales and more staff. Owning a building also gives a small business owner more of a stake in the community and builds equity The community gets the benefit of additional jobs, business growth and tax revenues from a growing small business.

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March 2024 SBA 504 Interest Rates

(For loans authorized on or after 10/1/22)
6.487% 25-Year Term
6.517% 20-Year Term
6.495% 10-Year Term