Up to 90% financing is available for the purchase, renovation and construction of owner-user commercial property; businesses are typically only required to provide a 10% injection.
Larger loans for larger businesses: Recent SBA 504 loan updates increased the maximum loan amount and expanded company size standards for eligibility. Most privately held companies in the United States are now eligible.
Below-market, long-term interest rates that are fixed for 20 years.
Small-business owners are now able to use low-interest, government-backed SBA 504 loans to refinance existing underwater commercial mortgages.