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504 loans pick up and FBDC paces its sector in deals

504 loans pick up and FBDC paces its sector in deals 2025

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The document discusses the resurgence of the SBA 504 loan program, highlighting its role in supporting small businesses in Brevard County and beyond. It features insights from Tim Cramer, executive vice president of Florida Business Development Corp., which has become a leader in 504 loan approvals. The program offers long-term, below-market fixed-rate financing for purchasing commercial real estate and equipment, catering to both existing businesses and startups. The article emphasizes the economic impact of the program, including job retention and growth opportunities for small businesses.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is an SBA 504 loan a good idea?

If youre looking to purchase commercial real estate or heavy machinery/equipment, the SBA 504 loan is often the best choice. With an SBA 504 loan, money can be used to buy a building, finance ground-up construction or building improvements, or purchase heavy machinery and equipment.

Can I sell my business if I have an SBA 504 loan?

Technically, yes. However, you will have to look at the security agreement. Some blanket security agreements for SBA loans include current assets and future acquired assets of the business.

Are SBA 504 loans considered community development loans?

In the Final Rule, any bank loan made in conjunction with the SBA 504 loan program will automatically qualify as economic development and meet the Community Development Financing Test for CRA credit. This includes bank loans made for the interim financing and the permanent, third party 504 front end loan.

How much do you have to put down on a 504 loan?

The typical down payment for an SBA 504 Loan is 10-15%. The financing structure for an average deal is: 10-15% Borrower. 35-40% SBA portion.

What is the purpose of the 504 loan?

The 504 loan program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation. 504 loans are available through Certified Development Companies (CDCs), SBAs community-based nonprofit partners who promote economic development within their communities.