Eligibility for SBA 504 LoansĀ
Some Things To Know…
- Must be a for-profit business
- Investment properties are not eligible
- Must occupy 51% for real estate aquisitions
- Must occupy 60% for new construction
- Net worth less than $15 million
- Average net income less than $5 million over the past two years
- Business must be a legal entity: corporation, partnership, sole proprietor or limited liability company