SBA 504 Commercial Loans - Use of Proceeds
The SBA 504 loan program may be used in the ways listed below.
Uses
- The purchase of land, including existing buildings
- The purchase of improvements, including grading, street improvements, utilities, parking lots and landscaping
- The construction of new facilities or modernizing, renovating or converting existing facilities
- The purchase of long-term machinery and equipment
Illegal Uses
- Working capital or inventory
- Consolidating, repaying or refinancing debt
- Speculation or investment in rental real estate
SBA 504 Commercial Loans
SBA Commercial Mortgages
