SBA 504 Loans

Small Business Loans

Up To $5 Million As a Certified Development Company (CDC) True Access Capital works with commercial lenders to provide financing to small businesses under the Small Business Administration’s (SBA) 504 program. SBA 504 Loans can be used to finance fixed asset purchases and/or improvements, including:

Land or building purchases
Leasehold improvements
Equipment (must have a useful life of at least 10 years)
Refinancing of existing debt (conditions apply)

Benefits of the 504 Program:

Increased Lending Capital — up to $5 million for each individual small business need
(or up to $5.5 million for manufacturers or energy-efficient uses)
Low-Interest, Fixed Rate Financing — 10 or 20 years
Lower Down Payment — As little as 10% in most cases

Current Interest Rate

2.9%

504 Loan Structure:

*Special Purpose Buildings are those which cannot be easily converted to another use: i.e., gas stations, movie theaters, bowling alleys. New Businesses are those less than two-years-old.

To learn more about the 504 Program, call 302-652-6774

Eli (Truman) Schrock and Christine Trivitts Beaverdam Pet Foods Inc.

SBA 504 Loans(up to $5.5 million)

The federal Small Business Administration 504 Loan Program offers long-term, fixed-rate financing of up to $5,500,000 for eligible small businesses seeking to make fixed asset purchase(s). Loan proceeds may be used to purchase land and building(s), fund leasehold improvements, or purchase major fixed assets such as equipment. The Certified Development Company at True Access Capital partners with your bank to offer this unique loan program.

SBA 504 Program Application

For more information, please contact:
Lorenzo Merino
Vice President, Director of Lending
302-652-6774, Ext 124