Podcast: Download (Duration: 2:53 — 1.0MB)
What Can SBA 504 Loans Proceeds Be Used For?
In this brief video, Beau talks about how proceeds from an SBA 504 loan can be used.
You can purchase land, existing buildings, long-term machinery and equipment. You can also make improvements such as grading streets, utilities, parking lots, and landscape.
You can build new facilities or modernize and renovate buildings.
In 2021 and beyond, you have the ability to refinance SBA 7a loans into an SBA 504 if you meet the benchmarks laid out by the Small Business Administration.
Watch the video in full (it's less than 3 minutes) to find out all the ways you can use your SBA 504 loan proceeds.