Loan Amounts: Up To $5,000,000.00

Use of Funds: Owner-occupied commercial real estate. It must be 51% owner-occupied. It is not for real estate investing. The 504 can include land, construction, furniture, fixtures, and leasehold improvements. Any collateral does not secure it. It is a funding option for companies with solid finances that want to avoid issuing shares and diluting their equity.

Interest Rate: Fixed rate typically below market.

Terms: Up to 10-25 Years

Funding period: 2-3 weeks