Small Business Administration Loans: New Challenges and Changes

So far in fiscal year 2019, 504 loan volume is up 7 percent compared to fiscal year 2018, the agency reports. More than 80 percent of new 504 loans have been originated with the 25-year debenture since its release last year.

Other changes, which took effect April 1, include increasing the credit threshold to 20 percent for borrowers who qualify for other types of financing. The threshold ratio for job creation was raised from $65,000 to $75,000 of project debenture per new job. Changes to the program included increased down payments for certain borrowers and tighter eligibility requirements for applicants who have other financial options.