Podcast: Download (Duration: 4:52 — 4.7MB)
How Are SBA 504 Loans Structured? [SBA 504 loan explained]
In this episode, join Beau as he explains the Small Business Administration's SBA 504 loan program, specifically how the loans are structured.
He covers:
Eligible uses for SBA 504 loans
💲Purchases of owner-occupied land and buildings
🏗 New construction
✔ Renovation or expansion of owner-occupied commercial real estate Heavy machinery or equipment purchases and moving expenses
💳 Debt refinancing of non-government guaranteed owner-occupied commercial real estate and equipment debt
💡 Soft costs (e.g., appraisals, title searches, legal fees, etc.)
⚡ Repayment of interim financing costs