SBA 504 Loan Rates
25 Year
Rate
5.76%
20 Year
Rate
5.83%
1-385-799-6701
Get the Funds You Need to Grow Your Business
What an SBA 504 Loan is & What it Can Do for Your Business
The SBA 504 Loan is a type of loan program that is offered by the U.S. Small Business Administration (SBA) via a Certified Development Company (CDC) to help small businesses purchase real estate and equipment. This loan program provides long-term, fixed-rate financing that can be used for a variety of business expenses, including land, buildings, and major equipment purchases.
The key benefit of an SBA 504 loan is that it allows small business owners to obtain financing with a lower down payment and longer repayment terms compared to traditional commercial loans. Additionally, the interest rates on SBA 504 loans are typically lower than other commercial loans, which can result in significant cost savings for small businesses.
Overall, an SBA 504 loan from Wasatch Business Finance (your Utah CDC) can be a great option for small business owners looking to acquire commercial real estate or equipment while minimizing their upfront costs and securing favorable financing terms.
SBA 504 Loan Uses
What You Can Finance With an SBA 504 Loan
Real Estate and Property Types
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Office
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Restaurant
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Industrial / Manufacturing
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Hospitality
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Warehouse
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Assisted Living / Skilled Nursing
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Retail
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Industrial Equipment
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Medical
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Self Storage
Types of Real Estate Loans We Provide
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Real Estate Purchase
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Tenant Improvements
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Real Estate Refinance
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Soft / Closing Cost
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Industrial Equipment Finance
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Operating Capital
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Furniture, Fixtures & Equipment
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Business Expansion
How SBA 504 Loans are structured
SBA 504 loans for Utah businesses are structured around a shared financing model. The basic structure requires the borrower to provide a 10% down payment. The SBA directly finances 40%, and a third-party lender, usually a bank, will finance the remaining 50% of the project.