Real estate & major assets
SBA 504 Loan
Long-term, fixed-rate financing for property and big equipment.
The SBA 504 is built for owner-occupied commercial real estate and major fixed assets. It pairs a bank loan with a CDC debenture, so you get long fixed terms and a low down payment — ideal when you're buying or building the space your business operates in.
Best for
- Buying or building owner-occupied commercial property
- Major equipment with a long useful life
- Owners who want a low down payment and fixed rate
Common uses
- Purchasing owner-occupied commercial real estate
- Ground-up construction or major renovation
- Heavy machinery and equipment
- Refinancing eligible fixed-asset debt
What you'll need
- Business occupies at least 51% of the property
- For-profit US business under SBA size limits
- Reasonable owner equity injection
- Project creates or retains jobs / meets a public policy goal
At a glance
- Loan amount
- Up to $5,000,000 (more for some projects)
- Terms
- 10, 20, or 25-year fixed
- Down payment
- As little as 10%
- Structure
- Bank loan + CDC debenture
SBA 504 Loan questions
What's the difference between 504 and 7(a)?
504 is purpose-built for owner-occupied real estate and major equipment with long fixed terms and low down payments. 7(a) is more flexible (working capital, acquisition, refinance). Your specialist routes you to the right one.
How much do I need to put down on a 504?
Often as little as 10%, though startups and special-use properties may require more. Your specialist confirms based on your project.
Other SBA programs
See what you qualify for today.
One application, every option compared. No fee, no obligation, no credit impact.