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FEDERAL
SBA 504 Loan Program
Long-term fixed-rate financing for major fixed assets such as real estate, construction, renovation, and heavy equipment.
About this program
The SBA 504 program provides long-term fixed-rate financing through certified development companies and lenders for major fixed assets. Olympia businesses can use 504 financing for owner-occupied real estate, construction, renovations, heavy equipment, and modernization projects.
Eligibility
Eligible for-profit small businesses that meet SBA size standards and use funds for qualified fixed-asset projects.
Requirements
- Eligible small business borrower
- Qualified fixed-asset project
- CDC and lender participation