Whether you’re a lender financing a commercial mortgage loan, an entrepreneur wanting a business expansion loan, or a broker seeking low-risk options for small business loans, the 504 loan program offers many advantages with low-down payments and fixed interest rates for terms of up to 25 years.
Eligible 504 loan uses include:
- New construction
- Business expansion
- Site improvements
- Equipment purchases
- Interest on interim financing
- Soft costs essential to the project
Established in 1992, ELCDC assists community lenders and small businesses in accessing capital. Your success is our goal. Contact our experienced staff to get started with an SBA 504 loan.