SBA 504 Loans
Below-market fixed rates for commercial real estate and heavy equipment
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion.
Find SBA 504 Lenders →🎯 Best For
- • Owner-occupied commercial real estate
- • Heavy equipment purchase
- • Business expansion
- • New construction
✅ Advantages
- ✓ Only 10% down payment
- ✓ Below-market fixed rate on CDC portion
- ✓ Long terms (20-25 years for RE)
- ✓ No balloon payments
⚠️ Considerations
- • Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- • Cannot be used for working capital
- • Longer closing timeline
- • Two closings (bank + CDC)
SBA 504 Loan Requirements
- ✓ For-profit business
- ✓ Net worth under $15M
- ✓ Average net income under $5M (after taxes) for prior 2 years
- ✓ 51%+ owner occupancy
- ✓ Create or retain jobs (1 per $90,000 CDC)
Top SBA 504 Lenders
123 lenders offer sba 504 loans nationwide.
Live Oak Banking Company
SBA VerifiedWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBA VerifiedCOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
SBA VerifiedCincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
SBA VerifiedBERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
SBA VerifiedLOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Florida Business Development Corporation
SBA VerifiedTampa, FL
Certified Development Company (CDC) and top SBA 504 lender in Florida. Provides long-term, fixed-rate financing for major fixed assets like land, buildings, and equipment through the SBA 504 loan program.
Wells Fargo Bank National Association
SBA VerifiedSioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Fifth Third Bank
SBA VerifiedCINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
SBA 504 Loans FAQ
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