SBA 504 Loans in Rochester, MN
Find lenders offering sba 504 loans in the Rochester, including Byron, Stewartville, and surrounding areas. Compare rates, terms, and programs from 15 lenders.
Which SBA 504 lenders serve Rochester?
15 lenders offering sba 504 loans in the Rochester, MN area.
Minnesota Business Finance Corporation
Local SBASt. Cloud, MN
St. Cloud, Minnesota-based Certified Development Company specializing in SBA 504 loans. Provides long-term, fixed-rate financing for small businesses in Minnesota to acquire real estate and equipment.
Twin Cities-Metro Certified Development Company
Local SBAVadnais Heights, MN
Amplio Economic Development Corporation
Local SBAArden Hills, MN
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.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
WBD, Inc.
SBAMadison, WI
Wisconsin-based Certified Development Company (CDC) specializing in SBA 504 loans. Helps small businesses in the Midwest acquire commercial real estate and equipment with long-term, fixed-rate SBA 504 financing.
East West Bank
SBAPASADENA, CA
One of the largest independent banks focused on the U.S. and Greater China markets. Offers SBA 7(a) and 504 loans, commercial real estate, trade finance, and international banking for businesses with cross-border needs.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
CDC Small Business Finance Corp.
SBASan Diego, CA
Dakota Business Lending
SBAFargo, ND
What does the Rochester commercial real estate market look like?
Rochester's commercial real estate market is overwhelmingly shaped by Mayo Clinic, the city's dominant employer and one of the world's most recognized healthcare institutions. The Destination Medical Center (DMC) initiative — a $5.6 billion, 20-year development plan — is transforming the downtown core with new hotel, office, retail, and residential projects centered around the Heart of the City subdistrict. Discovery Square, a DMC subdistrict dedicated to biomedical and technology startups, is attracting lab and innovation office tenants adjacent to Mayo's main campus. Outside the downtown core, commercial activity along the U.S. 52 and U.S. 63 corridors serves the growing residential population drawn by Mayo's employment base.
Key Economic Drivers
- ●Mayo Clinic and its 40,000-plus employee campus driving medical office, hospitality, and housing demand
- ●Destination Medical Center $5.6 billion public-private development initiative
- ●Discovery Square biomedical innovation district attracting health-tech startups
- ●IBM Rochester facility and its legacy technology workforce in the southeast submarket
Market Insight
The Destination Medical Center initiative provides up to $585 million in public infrastructure funding to support private CRE development in Rochester's downtown, with a dedicated tax increment financing district that has already catalyzed over $2 billion in private investment commitments.
How do sba 504 loans work in Rochester, Minnesota?
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 Rochester metro area, borrowers can access 15 lenders offering SBA 504 financing, including Byron, Stewartville, 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 Rochester FAQ
How many SBA 504 lenders serve Rochester, MN? ▼
What are SBA 504 loan rates in Rochester? ▼
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 Minnesota?
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