SBA 504 Loan

Unleash Your Business Potential with SBA 504 Loans

Ideal Financing for Hotels and Self-Storage Facilities

Minimum Credit Score


Maximum Debt To Income


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Maximum Loan Amount

Innovative Mortgage is delighted to offer assistance with the SBA 504 Loan program, which is a powerful financial tool designed to support the growth and expansion of small to medium-sized businesses. This program focuses on long-term, fixed-asset financing and is facilitated through Certified Development Companies (CDCs) that are certified and regulated by the Small Business Administration.

Overview of the SBA 504 Loan Program:

  • Loan Structure: The SBA 504 loan is typically structured with the lender covering 50% of the project costs, the CDC covering up to 40% of the costs, and the borrower contributing at least 10% equity.
  • Loan Size: Loan amounts range from $125,000 to over $10 million, depending on the project and the borrower’s needs.
  • Interest Rates: Interest rates for SBA 504 loans are fixed and tied to the U.S. Treasury rate, providing stability and predictability for long-term planning.
  • Eligibility: To be eligible, businesses must have a tangible net worth not to exceed $15 million and an average net income after taxes of less than $5 million for the two preceding years.
  • Terms and Amortization: Terms are typically available for 20 years for real estate and 10 years for equipment, with fully amortized loans ensuring predictable payments.
  • Job Creation and Community Development: A key condition for approval is job creation or retention or meeting a community development or public policy goal.

Why Turn to Innovative Mortgage for Your SBA 504 Loan:

  • Expertise and Support: Our team provides guidance throughout the loan application process, ensuring your business meets all requirements and maximizing your chances of approval.
  • Customized Lending Solutions: Innovative Mortgage works with you to identify the best structure for your loan, taking into consideration the unique aspects of your business and project.
  • Diverse Lender Network: Our access to a range of lenders allows us to secure the most favorable terms and rates for your loan.
  • Streamlined Application Process: We assist with completing necessary forms, including SBA Form 1244, and uploading it to the SBA’s E-Tran system for an efficient application experience.

Get Started on Your SBA 504 Loan Application:

To begin the process for an SBA 504 loan, you’ll need to compile detailed financial statements, a summary of the project costs, and information on how the project will meet job creation or community development goals.

Contact Innovative Mortgage to kickstart your SBA 504 Loan application. Our seasoned team is here to provide support at every step, from initial inquiry to final approval, ensuring your business secures the funding it needs for its next big step.

Pros of SBA 504 Loans


High LTV

SBA 504 Loans allow up to 90% LTV, making it easier to finance your project.

Long Amortization

Enjoy the benefits of a long amortization period, up to 25 years.

Fixed Rates

SBA 504 Loans offer fixed-rate options, providing stability for your payments.

Cons of SBA 504 Loans


Lengthy Approval Process

The approval process for SBA loans can be longer compared to other loan types.

Strict Eligibility Criteria

SBA 504 loans come with strict eligibility criteria, including specific usage of funds.

Key Issues That Will Get Early Attention

Determine Eligibility
We'll help you understand the eligibility requirements and how to best position your application.
Navigate Loan Process
Our experts will guide you through the process, making it as smooth as possible.
Structure Your Financing
We'll help you determine the best structure for your financing needs.
Understand Long-Term Implications
Let's discuss the long-term implications of this loan, ensuring it aligns with your business strategy.