SBA 504 Loans in Syracuse, NY
Find lenders offering sba 504 loans in the Syracuse, including Liverpool, Cicero, Manlius, and surrounding areas. Compare rates, terms, and programs from 22 lenders.
SBA 504 Lenders Serving Syracuse
22 lenders offering sba 504 loans in the Syracuse, NY area.
Manufacturers and Traders Trust Company
Local SBABUFFALO, NY
M&T Bank is a major regional bank and one of the top SBA lenders by loan count in the Northeast. Offers SBA 7(a), Express, and 504 loans alongside a full range of commercial banking, commercial real estate, and small business products.
Empire State Certified Development Corporation
Local SBALatham, NY
New York-based Certified Development Company (CDC) specializing in SBA 504 loans. Provides long-term, fixed-rate financing for commercial real estate and heavy equipment acquisition for small businesses in New York.
Grasshopper Bank National Association
Local 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.
Monroe County Industrial Development Corporation
Local SBARochester, NY
Greater Syracuse Business Development Corporation
Local SBASyracuse, NY
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.
Bank of Hope
SBALOS 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.
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.
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.
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.
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.
Syracuse Commercial Real Estate Market
Syracuse's CRE market is being reshaped by the transformative Micron Technology semiconductor fabrication facility in the town of Clay, a project expected to invest up to $100 billion over 20 years and create thousands of jobs in the metro area. The downtown Armory Square and Clinton Square districts serve as the city's mixed-use core, with adaptive reuse projects converting former industrial buildings into office, retail, and residential space. Syracuse University and SUNY Upstate Medical University anchor the University Hill area, generating consistent demand for student housing, medical office, and research space. The I-81 corridor through the city is undergoing a major transformation as the elevated highway is being replaced with a community grid, which is expected to reunite neighborhoods and create new development opportunities on previously isolated parcels.
Key Economic Drivers
- ●Micron Technology's planned semiconductor fab in Clay expected to generate massive industrial, housing, and commercial demand
- ●Syracuse University and SUNY Upstate Medical University anchoring University Hill as the region's healthcare and education hub
- ●I-81 viaduct replacement with the community grid project creating new urban development parcels in the city core
- ●Lockheed Martin and BAE Systems defense electronics operations sustaining advanced manufacturing employment
Market Insight
Micron's planned $100 billion semiconductor fabrication complex in the Syracuse suburb of Clay is the largest private investment in New York State history, and is expected to create up to 9,000 direct jobs, fundamentally altering the region's CRE demand trajectory for industrial, residential, and retail properties.
SBA 504 Loans in Syracuse, New York
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 Syracuse metro area, borrowers can access 22 lenders offering SBA 504 financing, including Liverpool, Cicero, Manlius, 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
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)
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