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 <br>504 loans<br>
 <br>Content<br>
 <br>What is the 504 loan program?<br>
 <br>The 504 loan program offers long-lasting, fixed rate funding for major fixed assets that promote business growth and job creation.<br>
 <br>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.<br>
 <br>The maximum loan amount for a 504 loan is $5.5 million.<br>
 <br>Am I eligible?<br>
 <br>To be eligible for a 504 loan, your business should:<br>
 <br>- 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<br>
 <br>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.<br>
 <br>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.<br>
 <br>How do I [utilize](https://999plots.com) a 504 loan?<br>
 <br>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:<br>
 <br>- 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)<br>
 <br>Or the enhancement or modernization of:<br>
 <br>- Land, streets, utilities, parking lots and [landscaping](https://kandkmanagementcorp.com).
 - Existing facilities<br>
 <br>A 504 loan can not be used for:<br>
 <br>- 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<br>
 <br>What do I need to use?<br>
 <br>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.<br>
 <br>Find a CDC near you<br>
 <br>Find Certified Development Companies (CDCs) licensed to provide 504 loans.<br>
 <br>How do I repay my 504 loan?<br>
 <br>Active 504 loans<br>
 <br>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.<br>