FAQs2020-09-04T17:33:19-07:00

Program Purpose

What is the purpose of the SBA 504 Loan Program and why does it exist?2017-08-15T14:51:52-07:00

The SBA 504 Loan Program provides economic development financing that is designed to encourage private sector investment in fixed assets, the results of which increases productivity and creates new jobs. The local tax base is also improved by way of adding assets on which taxes are based. The program provides long-term, low down payment, reasonably priced fixed-rate financing to healthy and expanding businesses that have the probability of creating new jobs.