#1 CDC in New England
The SBA 504 Loan Program
Three reasons why you should consider calling us for every owner-occupied real estate transaction

Payment Relief and Fee Eliminations

Subject to Congressional appropriation availability

  • 1. For all 504 loans APPROVED between February 1, 2021 and September 30, 2021, your customer will get THREE months of payment subsidies which includes principal, interest and fees. Subject to a cap of $9,000 per month, per loan.

  • 2. The Third Party Lender Participation Fee (.5% of 1st mortgage), is waived for all 504 loans APPROVED between December 27, 2020 and September 30, 2021

  • 3. The CDC Processing Fee (1.5% of 2nd mortgage) is being paid by the SBA for all 504 loans APPROVED between December 27, 2020 and September 30, 2021
March SBA "all in" 504 Rates
For Loans approved on or after 10/1/2020
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20-year fixed rate 3.1%
25-year fixed rate 3.205%
10-yr fixed rate 2.498%
SBA 504 Refinance Program
(without expansion)
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Unlike the traditional 504 program (which can include refinance when there is significant expansion), this product can be used to provide "cash out" for eligible business expenses.


  • Cash out cannot exceed 20% of the asset value
  • Occupancy must be 51% at the time of application
We are still awaiting the SBA's interpretation and implementation guidance of several 504 REFI program enhancements that were included in the Economic Aid Act.

Please be sure to stay connected with us via our mailing list or through social media for updates. As always, please reach out to your GSDC partner with any questions.
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SBA 504 Program Information
Applying for a SBA Loan Approved_ SBA Loan application form with a pen on a desk with an approved stamp
Finance up to 90% of owner-occupied real estate and large equipment with a 10, 20 or 25 year fixed rate (based upon useful life of asset).

Minimum project size is $125,000 with NO MAXIMUM.

SBA participation will max out at $5 million for most projects, but can go as high as $5.5 million for manufacturers and projects meeting renewable energy requirements

504 Can be used in conjunction with 7a financing.