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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
Fixed-Rate, Long-Term, Building Loans
Fixed-Rate, Long-Term, Equipment Loans
Get $50-$250,000 in capital to grow your business
SBA 504 Loan Benefits
Low Down Payment of 10%
Low, 25-year Fixed Interest Rate
Flexible Underwriting Terms
Preserve Your Working Capital
Include Soft Costs Such as Furniture, Fixtures & Fees
sba 504 uses
Purchase a Building
Construct New Facilities
Renovate a Current Property
Purchase Heavy Machinery or Equipment
Refinance Commercial Mortgage Debt
Get Operating Capital, Cash-Out, Refinance
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.
We're Here for You!
Wasatch Business Finance
A Certified Development Company
Monday through Friday,
5288 S. Commerce Drive, Suite B-228
Murray, Utah, 84107