SBA 504 Loan

Can your business benefit from a fixed rate, below market loan with a 10-20 year term and only 10% down?

If you plan to purchase, construct or improve commercial real estate the SBA 504 loan could have key advantages for you.

  • You can borrow up to 90% of your financing needs, saving your cash for business expenses.
  • Repayment terms are longer than conventional loans, making your monthly payments smaller
  • The interest rate is currently lower-than-market.
  • No balloon payment Loan proceeds can be used to purchase, construct or improve commercial and industrial real estate, purchase and install heavy machinery and equipment and finance your loan costs. (50% Owner occupancy on existing and 60% for new construction is required.)

The Typical SBA 504 Loan Structure


  • AEDC will work with your bank to submit your loan application to the Small Business Administration.
  • AEDC Loan officer Kelli Sterling has many years of experience with successful 504 loan underwriting.
  • The bank-funded portion of your loan will typically have competitive rates and terms due to minimal bank exposure on the project.
  • Loans from $50,000 to $5 million (some restrictions apply)


SBA 504 Loan Application   

Click here for SBA 504 Frequently Asked Questions

Current Rate

Current Rate is



Sept. 15, 2015 SBA 504 Loan

To Buy, Construct or Improve Commercial and Industrial Buildings