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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 funding appropriations

  • 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.

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

  • The CDC Processing Fee (1.5% of 2nd mortgage) is eliminated for all 504 loans APPROVED between December 27, 2020 and September 30, 2021
May SBA 504 Rates
For Loans approved on or after 10/1/2020

Percentage Sign Locked With Keypad Lock On White Background
25-year fixed rate 3.236%
20-year fixed rate 3.121%
10-year fixed rate 2.426%

May SBA 504 Refinance Rates

25-yr fixed rate 3.129%
20-yr fixed rate 2.983%
10-yr fixed rate 2.46%
Business photo shows hand written text cash out refinance
SBA 504 Refinance Program
(without expansion)

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 of the 504 refi program enhancements that were written into the Economic Aid Act passed by Congress.

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.
SBA 504 Program Information
Applying for a SBA Loan Approved_ SBA Loan application form with a pen on a desk with an approved stamp
The SBA 504 program can be used to finance up to 90% of a wide variety of projects including owner-occupied real estate and large equipment with a 10, 20 or 25 year fixed rate (generally defined by useful life).

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