Apply For Your Small Business LoanSBA 504 Loan Program
Please enter the following application information
Do You Qualify?
Does Your Small Business Qualify for an SBA 504 Loan?
Please provide the Following Information for your Application
First and Last Name
Enter Your Contact Email
Enter Your Contact Phone Number
Your Project Business Name
Project Business Street, City, State, Zip and County
Business Industry Type
Number of Years in Operation
Does or will a real estate holding company own the real estate?
If so, Name of Real Estate Holding Company?
Please Describe Owner Percentages along with Names and Titles.
Is this a
If other, please explain:
Name of Primary Bank used by Business
Check Yes or No
I am a for-profit company
The proceeds of this loan will be used to finance the acquisition or construction of fixed assets or refinance non-government guaranteed debt.
The Operating Company and all affiliates do not have a combined tangible net worth in excess of $15 million and do not have a combined average net income in excess of $5 million after taxes for the preceding two years.
If my business is a franchise, the franchise model is listed on the SBA Franchise Directory.
My business is not engaged in speculation or investment in rental real estate, including apartment buildings and/or mobile home parks.
My business will occupy at least 51% of the building being purchased, if an existing building; or for ground-up construction, the operating business must occupy 60% immediately, some additional within 3 years, and 80% within 10 years.
At least 51% of the owners of this business are US Citizens or persons lawfully in the US.
All business owners of 20% or more of the Operating Company (OC) or Eligible Passive Company (EPC) will guarantee the SBA debt. Each spouse with an ownership interest in the EPC or the OC will personally guarantee the loan in full when the combined ownership interest of both spouses in the EPC or the OC is 20% or more.
None of the owners of this business have had prior losses with the US Government, including student loans, FHA or VA home loans.
All business owners have good character with no previous or pending convictions, arrests, probations, bankruptcies or lawsuits. If no, a clearance may be obtained through SBA.
The borrower will create or retain at least 1 job per $75,000 ($120,000 for manufacturing) guaranteed by the SBA, improve the economy of the locality, or achieve one or more public policy goals. Please contact one of our team members to determine if you meet one of these public policy goals.
If all the above questions are answered as YES, the business will typically be eligible for an SBA 504 loan. Loans can be made to a small business, whether it is a start-up or an existing business. A start-up business requires an additional down payment of 5% of the project costs. Start-up businesses will require a business plan and reasonable projected financial statements. Please visit the Resources page for more resources to assist you with these projections. Contact one of our knowledgeable team members today to discuss your project and how the SBA 504 Loan Program can work for you.