SBA 504 Single Purpose Property List

The U.S. Small Business Administration classifies certain properties as single purpose properties,
which require a 15% down payment.

The SBA defines a single purpose property as “a limited market property with a unique physical design, special construction materials, or a layout that restricts its utility to the specific use for which it was built.”

According to the SBA, the following are considered single purpose properties:

SBA currently does not consider these property types single purpose, therefore they may qualify for as little as 10% down:

  • Amusement parks
  • Auto service centers (with pits and in ground lifts)
  • Bowling alleys
  • Car washes
  • Cemeteries
  • Clubhouses
  • Cold storage facilities (where more than 50% of total square footage is equipped for refrigeration)
  • Dormitories
  • Farms and dairy facilities
  • Funeral homes with crematoriums
  • Gas stations
  • Golf courses
  • Hospitals, surgery centers, urgent care centers and other specialty medical facilities
  • Hotels and motels
  • Marinas
  • Mines
  • Museums
  • Nursing homes, including assisted living facilities
  • Oil wells
  • Quarries, including gravel pits
  • Railroads
  • Sanitary landfills
  • Sports arenas
  • Swimming pools
  • Tennis clubs
  • Theaters
  • Vineyards and wineries
  • Art galleries
  • Breweries & distilleries
  • Child or adult day care facilities
  • Event centers
  • Film, radio and recording studios
  • Laundromats and drycleaners
  • Parking lots
  • Preschools and Montessori schools
  • Restaurants
  • Self-storage facilities
  • Tow yards
  • Wedding chapels

Some conventional lenders consider properties single purpose that the SBA does not (such as restaurants), so be sure to contact our loan experts to discuss your specific situation.

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SBA 504 for Single Purpose Properties

Johnson’s Beach Resort

Johnson’s Beach Resort

$2.5 million
New owners revitalize
iconic Russian River resort

Imperial Automotive

Imperial Automotive

“TMC and the SBA allowed me to stay in the location where I’ve built my business,” says owner Kevin Reier.

Folktale Winery

Folktale Winery

Expanded with new winery, vineyard and tasting room: “It was a challenging deal, but TMC did a great job of managing the challenges,” says owner Greg Ahn.

Rush Creek Lodge

Rush Creek Lodge

Yosemite resort opens spring 2016: “Without the SBA piece from TMC we couldn’t have gotten this done,” says owner Lee Zimmerman.