The 504 loan program is an economic development program designed to finance fixed assets for small businesses on reasonable terms and to stimulate employment through a job retention/creation goal.
Projects are typically structured as follows;
Project Structures
| Typical | Limited or Special Purpose Property | Limited/Special Purpose Property & a New Business | |
| Third Party Lender |
50% |
50% |
50% |
| Southland/SBA |
40% |
35% |
30% |
| Borrower |
10% |
15% |
20% |