SBA's 504 loan program for industrial or commercial buildings
The 504 Loan Program allows small business owners to purchase an industrial or commercial building at
below-market interest rates with a minimum of ten percent down payment or equity injection.
The loan proceeds may be used to purchase or remodel an existing building,
construct a new facility or to purchase equipment with a minimum economic useful life of 10 years.
The 504 loan is structured so a bank loans 50% of the total project; then a Certified Development Company (CDC)
issues a second loan
for 40% of the total project. The borrower contributes 10%. You can ask your bank to fund the 50% or the
CDC can find a lender.
CDCs that loan in your area include:
Enchantment Land CDC
www.elcdc.com
625 Silver SW
Albuquerque, NM 87102
(505) 843-9232
