For small business owners looking to invest in real estate, equipment, or machinery to help their companies grow, the Small Business Association (SBA) Section 504 Loan Program offers many advantages over traditional loans, while also benefiting the local community and reducing risk for lenders.

According to the SBA, the Section 504 Loan Program is a “win-win-win for the small business, the community, and participating lenders.”

The Community Advantage Loan program allows mission-focused, community-based financial institutions – such as Certified Development Companies like SEDCO – to offer loans to small businesses in need of capital. This not only helps businesses like yours succeed, but can help them grow and hire more people, giving the local economy a boost. That’s the Community Advantage!

If you’re considering applying for an SBA 504 Loan to fund your small business’s fixed asset purchases (such as real estate, buildings equipment or machinery), you’ve made a wise business decision that will likely not only benefit your business, but also help drive economic development in your community. To prepare to apply for a 504 loan, potential borrowers will need to gather required materials to be submitted with the application.

If you have been an avid reader of our blogs (and if you’re not, you should be!), we’ve written a lot about the many ways an Small Business Administration (SBA) 504 loan can benefit small business owners as well as their communities, but 504 funding can’t be used for just any kind of business expense. The SBA Section 504 Loan Program was designed specifically to help small businesses with long-term, fixed asset financing.

SEDCO is the Sunshine State Economic Development Corporation, and we’re in the business of helping small business owners achieve their dreams. Licensed by the US Small Business Administration (SBA), we specialize in offering the SBA Section 504 Loan Program, which not only helps small businesses get the funding they need for long-term, fixed assets like real estate, machinery or equipment, but also helps create jobs in local communities across Florida. If you’re a small business owner and are looking to grow your business, there are a ton of good reasons to reach out to us.

If you took out a traditional commercial real estate loan, you likely would have a significant balloon payment looming over your head. Instead of dealing with the stress and worry of whether or not you’ll be able to make that big payment, you may want to consider refinancing with an SBA 504 loan.

Many small business owners are getting some much-needed financial help, thanks to an SBA loan debt relief program that was enacted to mitigate the damage caused by the COVID-19 crisis. While the impacts of the pandemic are ongoing, it’s clear that small businesses have been especially hard hit. Since 1953, the SBA has worked to ignite change and spark action so small businesses can confidently start, grow, expand, or recover. And now their mission is more important than ever.

If you are a small business owner, building your own commercial property or expanding your existing facility offers many advantages over leasing space, and a SBA 504 Loan Program is often the best way to finance the construction. By building your own commercial facility, your monthly payments build equity in your business instead of going into a landlord’s pocket. Let’s take a look at how the SBA 504 Loan Program can benefit your business as you build or remodel.

If you’re a small business owner and looking to expand or modernize, you may need financing - everyone could use a little help these days! What you don’t need is an unpredictable adjustable-rate loan, or one that you have to start worrying about paying back right away. Owning your own business is stressful enough - financing should make your life EASIER!

Have you heard about the SBA Section 504 loan program? Though not as common as SBA 7(a) loans, 504 financing offers small businesses looking to purchase real estate or other fixed assets a number of advantages over traditional business loans. The SBA helps small businesses start up, expand, or recover. It is also helping many small businesses to stay afloat now more than ever.

There has been a lot of talk in the media lately about Paycheck Protection Program (PPP) loans and how and when they may be forgiven. Small businesses that took advantage of PPP funding will need to prepare to submit a loan forgiveness application to their lenders to have those loans forgiven. While PPP funding was key to saving many small businesses, many businesses continue to struggle as the pandemic lingers across the US.

Why should a savvy small business owner like yourself consider taking out an SBA 504 loan?

If you are looking to expand or modernize, the SBA Section 504 Loan Program provides you with financing for which you might not otherwise be qualified for, allows you to purchase the fixed assets your business needs to grow (such as real estate or equipment), and helps your community all at the same time.

If you’re considering taking out a Small Business Administration (SBA) loan to help your small business, you may want to explore all the joy and benefits that 504 financing has to offer. For this reason, SEDCO focuses solely on providing SBA 504 financing - to help our communities grow and thrive. So, let’s take a quick look at the Good, Bad, and Not So Ugly of SBA 504 financing.