Community Business Finance’s 504 Loan Program: Part 3

In the world of business financing, SBA 504 loans do not get the same attention as SBA 7(a) loans. This four-part series is intended to help you better understand the uses and benefits of a 504 loan.

Eligible Use of Proceeds

A small business can use proceeds from Community Business Finance's 504 Loan Program for direct expenditures to acquire, construct or convert a facility for company expansion, such as: 

Community Business Finance’s 504 Loan Program: Part 2

In the world of business financing, SBA 504 loans do not get the same attention as SBA 7(a) loans. This four-part series is intended to help you better understand the uses and benefits of a 504 loan.

Program Benefits

The following are the many benefits of Community Business Finance's 504 Loan Program.

Community Business Finance’s 504 Loan Program: Part 1

In the world of business financing, SBA 504 loans do not get the same attention as SBA 7(a) loans. This four-part series is intended to help you better understand the uses and benefits of a 504 loan.

Congress established the 504 Loan Program in 1987 to promote economic development in a Certified Development Corporation's trade area. The program goals are met primarily through projects that create job growth in local communities.

Start-up Financing Through SBA Loans

Financing a new business can be daunting. Start-up companies don't have the financial history that lenders require during the loan process. Banks are conservative lenders and may not be willing to take a risk on a new company. The risk for the lender is lessened with a guarantor, and Community Business Finance will help your start-up with SBA Guaranteed Loan Programs.