Real estate & major assets

SBA 504 Loan

Long-term, fixed-rate financing for property and big equipment.

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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.

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