The Small Business Administration to provide small businesses impacted by COVID-19 up to $2 million in disaster assistance loans. If your small business has been affected by COVID-19 you can apply for SBA disaster assistance. Learn More
In response to COVID-19 outbreak and the financial impact it is having on our borrowers, we have put together some options for your consideration. Please Review
Scams that play on fears related to the novel Coronavirus outbreak are on the rise. Take extra caution during this time.
Does Your Small Business Qualify for an SBA 504 Loan?
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 resources to assist you with these projections.
Please visit the SBA Franchise Directory to see if your franchise is listed
Contact one of our knowledgeable team members today to discuss your project and how the SBA 504 Loan Program can work for you.