BORROWER BENEFITS

  • Low down payment (10% in most cases)

  • Low, fixed interest rate on 504

  • Long term financing

  • Includes soft costs such as furniture, fixtures and fees

  • Stable monthly payments

  • Preserves working capital

  • No future balloon payments

  • Can include leasehold improvements

  • Up to $5 million for SBA portion of loan, no limit on overall project size

  • Own instead of lease

  • The 504 Loan Program can be used multiple times

We help local businesses expand and grow!
Fair Lending Policy
In keeping with its economic development mission, SBCC is committed to the principles of fair or equal opportunity lending.  A consistent and high level of assistance and servicing will be provided to all small business or business owners regardless of race, national origin, religion, sex, age, marital status, disability, receipt of public assistance, or other factors.  Underwriting standards will be applied fairly and consistently permitting access to credit for  abroad range of customers.  Applicants with equivalent credit qualifications will receive the same consideration.