Understanding SBA 504 Loans for Small Business Owners

SBA 504 loans are a popular option for small business owners who are looking to purchase real estate or equipment. These types of loans are offered by the U.S. Small Business Administration or SBA for small businesses and offered through approved Certified Development Companies (CDC). CCCU has extensive relationships with all the major CDCs and can assist you through the process in order to obtain the financing you need to grow your company.

SBA 504 loans at Clark County Credit Union in Las Vegas and Henderson Nevada

What Are the Benefits of an SBA 504 Loan?

  • Down payment as low as 10% - Providing more working capital.
  • Repayment terms range from 10 to 25 years - Providing flexibility for cash flow.
  • Rates are fixed – Allowing you to create a budget that doesn’t fluctuate.

Overall, the SBA 504 loans are designed for small businesses to obtain the funding they need to grow and expand their small businesses while preserving their working capital.

How To Qualify for an SBA 504 Loan?

Aside from having a good credit score, a solid business plan, and sufficient collateral, you need to meet SBA’s loan requirements. Your small business must be a for-profit business operating in the U.S., have a tangible net worth of less than $15 million, and have an average net income of less than $5 million after taxes for two years of operating.

The application process for an SBA 504 loan can be lengthy and complex, but the benefits of securing an SBA loan can be significant, including low interest rates, longer repayment terms, and access to larger amounts of capital.

At CCCU, the commercial team specializes in SBA 504 loans for local small businesses in Las Vegas, North Las Vegas, and Henderson. To get started with your SBA 504 loans, contact our commercial team at 702-228-2228 or visit www.CCCULV.org.