commit 4e8bdcaaa11b44f861500dc7d002b7828431f765 Author: donnelljxb5489 Date: Wed Sep 17 16:59:21 2025 +0000 Update 'What is the 504 Loan Program?' diff --git a/What-is-the-504-Loan-Program%3F.md b/What-is-the-504-Loan-Program%3F.md new file mode 100644 index 0000000..c7ad75c --- /dev/null +++ b/What-is-the-504-Loan-Program%3F.md @@ -0,0 +1,184 @@ +
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Businesses and people affected by current disasters in Texas might be eligible for SBA support.
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1. Home. +2. Funding Programs. +3. Loans. +4. 504 loans
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- Loans - Make a payment to SBA. +- 7( a) loans. +- 504 loans - List of CDCs
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504 loans
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Content
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What is the 504 loan program?
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The 504 loan program offers long-lasting, fixed rate funding for major fixed assets that promote business growth and job creation.
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504 loans are available through Certified Development [Companies](https://www.rentalsgoa.com) (CDCs), SBA's community-based not-for-profit partners who promote economic development within their communities. CDCs are licensed and controlled by SBA.
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The maximum loan amount for a 504 loan is $5.5 million.
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Am I eligible?
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To be eligible for a 504 loan, your business should:
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- Operate as a for-profit company in the United States or its ownerships. +- Have a [tangible](https://payinguest.info) net worth of less than $20 million. +- Have an average net earnings of less than $6.5 million after federal income taxes for the 2 years preceding your application
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Other general eligibility requirements include falling within SBA size standards, having actually certified management expertise, a possible company strategy, excellent character and the ability to repay the loan.
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Loans can not be made to organizations taken part in not-for-profit, passive, or speculative activities. For additional info on eligibility requirements and loan application requirements, small businesses and lending institutions are encouraged to get in touch with a Certified Development Company in their location.
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How do I [utilize](https://999plots.com) a 504 loan?
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A 504 loan can be used for a series of possessions that promote organization growth and job creation. These consist of the purchase or construction of:
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- Existing structures or land. +- New facilities. +- Long-term equipment and devices with a beneficial staying life of a minimum of 10 years, including project-related AI-supported devices or equipment for manufacturing products. +- Consolidating financial obligation under the conditions noted in 13 CFR 120.882, paragraph (e) and. +- Repaying or re-financing debt defined as "qualified debt" under 13 CFR 120.882, paragraph (g)
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Or the enhancement or modernization of:
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- Land, streets, utilities, parking lots and [landscaping](https://kandkmanagementcorp.com). +- Existing facilities
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A 504 loan can not be used for:
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- Working capital or stock. +- Consolidating, repaying or re-financing debt that does not meet the meaning of "qualified debt" under 13 CFR 120.882, paragraphs (e) and (g). +- Speculation or investment in rental real estate. +The funding of AI-related working capital, intellectual residential or commercial property, or consulting services soft expenses
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What do I need to use?
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504 loans are offered solely through Certified Development Companies (CDCs). Find a CDC in your area to ensure you are handling a certified lender. CDCs are uniquely qualified to understand 504 loan program policies, and will help you navigate the lending institution channels to produce your job financing.
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Find a CDC near you
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Find Certified Development Companies (CDCs) licensed to provide 504 loans.
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How do I repay my 504 loan?
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Active 504 loans
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Loan payment terms differ according to a number of factors. [Borrowers](https://meza-realestate.com) with active 504 loans can pay through the Central Servicing Agent, normally by ACH monthly draws. Payments can likewise be made by wire or check.
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