The Small Business Administration (SBA) offers many loan programs to new and existing businesses. One of their unique loan programs is the 504 loan, a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth.
It is designed for purchase of fixed assets such as buildings or land or to refurbish existing buildings, buy long-term equipment or machinery, make street improvements such as grading, and install utilities, parking lots, or landscaping. The loan is a fixed-rate, long-term form of financing and cannot be used to pay off or consolidate existing working capital, purchasing inventory or refinancing debt.
This free guide provides you with a concise list of questions to ask and mistakes to avoid when applying for a business loan, plus you would also receive complimentary quotes and proposals from several reputable lenders.