What is the 504 loan?

The Small Business Administration (SBA) 504 loan is a great financing product to help small businesses expand and grow. It frequently offers better rates and terms, and is designed for owner-occupied real estate projects.

All three of the following parties must team up to get a 504 loan:

• Business
• Bank or lender
• Heartland Business Capital

Benefits

• Low down payment for borrowers
• Fixed rate instrument for 10, 20, or 25 years
• Long term financing
• Paperwork is done by Heartland Business Capital
• 50% loan-to-value for a lender