SBA 504 Loans in Lexington, KY
Find lenders offering sba 504 loans in the Lexington, including Georgetown, Richmond, Nicholasville, and surrounding areas. Compare rates, terms, and programs from 14 lenders.
Which SBA 504 lenders serve Lexington?
14 lenders offering sba 504 loans in the Lexington, KY area.
Capital Access Corporation - Kentucky
Local SBALouisville, KY
Purchase Area Development District
Local SBAMayfield, KY
Community Ventures Corporation
Local SBALexington, KY
Live Oak Banking Company
SBAWILMINGTON, 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
SBACOLUMBUS, 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
SBACincinnati, 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
SBABERKELEY 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.
Wells Fargo Bank National Association
SBASioux 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
SBACINCINNATI, 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.
Cadence Bank
SBATUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
Grasshopper Bank National Association
SBANew York, NY
New York-based digital business bank offering SBA 7(a) and 504 loans, commercial lending, and innovative banking solutions. Combines fintech convenience with traditional banking for small business owners and startups.
PNC Bank, National Association
SBAWILMINGTON, DE
One of the largest U.S. banks, offering SBA 7(a) and 504 loans, commercial real estate, equipment financing, lines of credit, and comprehensive treasury management. Full-service business banking across the eastern United States.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Alloy Development Co., Inc.
SBACincinnati, OH
What does the Lexington commercial real estate market look like?
Lexington's commercial real estate market is shaped by the University of Kentucky — the city's largest employer with over 14,000 workers — and a burgeoning healthcare, technology, and equine industry base. The Nicholasville Road and Man o' War Boulevard corridors form the primary suburban retail and office zones, while the downtown Distillery District and West Sixth Street area have attracted adaptive reuse projects and boutique offices. Lexington's Urban Service Boundary, a growth management tool that restricts outward sprawl to protect surrounding horse farm land, creates tighter supply constraints than peer-sized cities and channels development intensity into existing corridors. The equine industry, centered on Keeneland and the surrounding thoroughbred farms, generates a unique hospitality and agri-business CRE niche.
Key Economic Drivers
- ●University of Kentucky and UK HealthCare medical campus expansion
- ●Toyota Motor Manufacturing Kentucky plant in Georgetown (metro's largest manufacturer)
- ●Lexington's Urban Service Boundary creating infill development pressure
- ●Keeneland and thoroughbred industry driving equine-adjacent hospitality and agribusiness CRE
Market Insight
Lexington's Urban Service Boundary has not been significantly expanded since 1996, constraining greenfield commercial development and pushing cap rates lower for existing properties within the boundary — infill and redevelopment sites command premium pricing compared to similar-sized metros without growth controls.
How do sba 504 loans work in Lexington, Kentucky?
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. In the Lexington metro area, borrowers can access 14 lenders offering SBA 504 financing, including Georgetown, Richmond, Nicholasville, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who should consider sba 504 loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
What are the key 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)
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 Loans in Lexington FAQ
How many SBA 504 lenders serve Lexington, KY? ▼
What are SBA 504 loan rates in Lexington? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
Where else can I find sba 504 loans in Kentucky?
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