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NJ

SBA 504 Loan Program for Owner-Occupied Construction and Equipment

Long-term financing for construction, renovations, facilities, and equipment.

About this program

The SBA 504 loan program provides long-term financing for major fixed assets such as owner-occupied buildings, construction, renovations, and heavy equipment, which can support New Jersey contractors and home services businesses with capital projects. Deadline notes: Applications are accepted through lenders and Certified Development Companies on a rolling basis. Notes: Included because construction, renovation, and equipment are explicit eligible uses; not a grant.

Eligibility

For-profit small businesses operating in the United States that meet SBA size, occupancy, use-of-proceeds, credit, and job creation or public policy requirements.

Requirements

  • Apply through a lender and CDC with business financials, tax returns, project budget, construction or equipment plans, collateral, ownership documents, and SBA forms.