Community Business Finance's 504 Loan Program can provide financing for most types of businesses. There are very few business types that are not eligible.

Eligibility Criteria

  • Business must be a legal entity - corporation, partnership, sole proprietor, limited liability company
  • Owners must be U.S. citizens or legal permanent residents
  • Business must be located in the United States
  • Net worth under $15 million and net profits under $5 million (2-year average)
  • Economic development goals must be achieved through the project financing

Ineligible Businesses

  • Non-profit businesses
  • Businesses engaged in lending, a passive holder of real estate and/or personal property (such as apartments), or a life insurance company (an insurance agency is eligible)
  • Has restriction on patronage
  • Is a government-owned entity (exception for Native American tribes)
  • Engaged in promoting religion
  • Consumer and marketing cooperatives (producer cooperatives are eligible)
  • Engaged in loan packaging
  • Has associates who are incarcerated, on probation, on parole or have been indicted for a felony
  • Equity interest by lender, CDC or associates in applicant concern
  • Provides prurient sexual material
  • Has previously defaulted on a federal loan
  • Engaged in political or lobbying activities
  • Speculative businesses