SBA 504 LOANS

What 504 Loans Are For

A 504 Loan provides long-term, fixed rate financing to new or expanding businesses (that create or save jobs or meet objectives of public policy goals result of the project) for use in acquiring land, constructing a new building renovating an existing one, and purchasing equipment and machinery.

NOTICE
IMPORTANT INFORMATION ABOUT IDENTIFICATION
PROCEDURES WHEN OBTAINING A 504 LOAN

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all Certified Development Companies to obtain, verify, and record information that identifies each person who applies for a 504 Loan.

What this means for you: When you apply for a 504 Loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.