Current Interest Rates

January 2023 504 Effective Fixed Rates:

6.28%   20 -Yr Fixed
6.31%    25 -Yr Fixed

SBA 504 Rates are published monthly

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The 504 loan serves numerous expanding small to mid-sized businesses. It is available to individual business owners or multiple owners partnering on a project.

Eligible Borrowers

* For-profit businesses
* Tangible net worth no greater than $15 million
* Net profit after taxes no greater than $5 million during previous two years
* Multiple businesses partnering to occupy the same building
* Must meet at least one goal around job creation, public policy or community development through their expansion project

Kinds of Businesses Served

* Auto and motorcycle dealerships
* Auto repair shops
* Car washes
* Childcare centers
* Dental offices
* Distribution centers
* Hair salons
* Heating and mechanical contractors
* Hotels and motels
* Internet companies
* Law offices
* Manufacturers
* Medical offices
* Restaurants and food service companies
* Retail and wholesale companies
* Veterinary offices
* Warehouses

Contact us to find out if your business is eligible.