What is a Certified Development Company (CDC)?

CDCs are SBA-certified nonprofit organizations that partner with banks to provide the 504 loan. They handle the SBA-backed 40% portion of the financing.

Can I use SBA 504 for a rental property?

No. SBA 504 requires 51%+ owner occupancy for existing buildings. It's designed for businesses that will operate from the property.

How is the SBA 504 loan structured?

50% from a bank or lender (first lien), 40% from a CDC backed by SBA (second lien), and 10% from the borrower as down payment.

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SBA 504 Loans in Salt Lake City, UT

Find lenders offering sba 504 loans in the Salt Lake City, including Provo, Sandy, West Jordan, and surrounding areas. Compare rates, terms, and programs from 14 lenders.

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Lenders

Typical Rate

Below market (CDC portion ~5-6%)

Down Payment

10%

Term

10-25 years

Closing Time

45-90 days

SBA 504 Lenders Serving Salt Lake City

14 lenders offering sba 504 loans in the Salt Lake City, UT area.

Zions Bank, A Division of

Local SBA

SALT LAKE CITY, UT

Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.

256 SBA loans

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Intermountain Business Lending, Inc.

Local SBA

Ogden, UT

11 SBA loans

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Mountain West Small Business Finance

Local SBA

Salt Lake City, UT

1 SBA loans

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Live Oak Banking Company

SBA

WILMINGTON, 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.

628 SBA loans

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The Huntington National Bank

SBA

COLUMBUS, 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.

1337 SBA loans

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U.S. Bank, National Association

SBA

Cincinnati, 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.

846 SBA loans

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Readycap Lending, LLC

SBA

BERKELEY 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.

563 SBA loans

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Wells Fargo Bank National Association

SBA

Sioux 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.

220 SBA loans

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Byline Bank

SBA

CHICAGO, 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.

107 SBA loans

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Cadence Bank

SBA

TUPELO, 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.

132 SBA loans

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KeyBank National Association

SBA

CLEVELAND, 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.

150 SBA loans

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B:Side Capital

SBA

Denver, CO

Denver-based Certified Development Company providing SBA 504 and 7(a) financing since 1990. Specializes in helping small businesses acquire commercial real estate and heavy equipment with low down payments.

33 SBA loans

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Capital Matrix, Inc.

SBA

Boise, ID

Boise, Idaho-based nonprofit Certified Development Company administering SBA 504 loans since 1983. Has provided over $600 million in financing to more than 1,600 companies across Idaho and the Pacific Northwest.

23 SBA loans

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Wells Fargo

San Francisco, CA

Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.

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Salt Lake City Commercial Real Estate Market

Salt Lake City is the economic and cultural hub of the Intermountain West, with a CRE market driven by the Silicon Slopes tech corridor, a major healthcare sector, and its role as a regional financial and transportation center. Downtown's City Creek Center redevelopment and the Granary District's conversion into a creative office and mixed-use neighborhood have revitalized the urban core, while the Point of the Mountain area between Salt Lake City and Provo is slated for a massive mixed-use development on the former state prison site. The I-15 corridor from Ogden through Salt Lake to Provo functions as a continuous commercial spine, with industrial demand concentrated in the West Valley City and Salt Lake City International Airport expansion area. The city's hosting of the 2002 Winter Olympics left a legacy of infrastructure and international visibility that continues to support tourism and convention demand.

Key Economic Drivers

●Silicon Slopes tech corridor headquarters including Qualtrics, Pluralsight, Domo, and Lucid Motors
●Intermountain Health and University of Utah Health systems driving major medical campus expansions
●Salt Lake City International Airport's $4.1 billion New SLC terminal redevelopment
●Goldman Sachs, Zions Bancorporation, and the financial services sector in the downtown core

Market Insight

The Point of the Mountain State Land Authority is overseeing the redevelopment of 600+ acres at the former Utah State Prison site into a mixed-use innovation district, representing one of the largest urban development opportunities in the western U.S. with buildout expected to span the next two decades.