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504 Loan Application Denver Urban Economic Development - preferredlendingpartners

504 Loan Application Denver Urban Economic Development - preferredlendingpartners 2025

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The document is a comprehensive SBA 504 Loan Application form from the Denver Urban Economic Development Corporation. It collects detailed information about the applicant company, including ownership structure, business nature, project details, financial obligations, employee data, and miscellaneous questions regarding past financial conduct. The application also outlines the deposit requirements and terms related to loan approval and processing.

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Click ‘Get Form’ to open the 504 Loan Application in the editor.
Begin by filling out the Company Information section. Enter your company name, address, and contact details accurately. Ensure that the Principal in charge is clearly identified.
In the Company Ownership section, list all owners along with their titles and percentage of ownership. This information is crucial for assessing eligibility.
Proceed to the Existing Business Locations section. Provide details about your current facilities, including square footage and lease information.
Complete the Project Information section by detailing the new project’s address, square footage, and occupancy plans. Remember to indicate how you will vest the property.
Fill out the Total Project Costs section meticulously, ensuring all costs are accounted for, including construction and equipment expenses.
Finally, review all sections for accuracy before submitting your application through our platform.

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Got questions?

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

Are SBA 504 loans good?

SBA 504 loans offer valuable opportunities for small businesses to secure the financing needed for growth and development. With their favorable terms and government-backed guarantees, these loan programs reduce the barriers to accessing capital, making it easier for businesses to invest in their futures.

How much is the down payment for a 504 loan?

Low down payment: Speaking of down payments, the SBA 504 loan usually only requires 10% of the loan value down. A 7(a) loan will require between 10 and 15% down, and a conventional loan will require between 25 and 40% down. This makes the 504 loan the most affordable option available to most business owners.

What are the downsides of the SBA loan?

SBA loans offer low interest rates, flexible loan uses and large loan amounts. While they are often a good choice for small business owners, these loans also have downsides, such as a lengthy approval process, collateral requirements and the need to personally guarantee the loan.

Is an SBA 504 loan a good idea?

Because no two loans are alike, we cant guarantee exactly how long it will take to provide your financing. But most of the time it takes approximately 60 daysa period that is comparable with or better than most bank loans.

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