The majority of for-profit businesses are elgible for the SBA 504 program
Occupancy: For existing real estate, you must occupy 51 percent of the property within one year of funding. For new construction, you must occupy a minimum of 60 percent of the property.
Size Standard: The tangible net worth of your business cannot exceed $15 million. After-tax profit for the last two years cannot exceed $5 million. Or, you may meet size standards based on the number of employees.
The personal net worth of the business owner is not a factor in determining eligibility.
If you are located in Arizona, California, Nevada, or Oregon contact one of our loan experts for a complimentary pre-qualification analysis—even before you find a property to purchase.
We’ll reach out to you within 24 hours.
If you are located in Arizona, California, Nevada, or Oregon, contact our loan experts to discuss SBA 504 financing.