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Who qualifies for an SBA 504 loan?

April 26, 2017loan qualifies SBA

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Who qualifies for an SBA 504 loan?

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A business must be for-profit and have less than 500 employees. Its net worth must not exceed $8.5 million and its average net income after taxes for the preceding 2 years must not exceed $3 million. Eligible businesses must be corporations, partnerships or proprietorships with a “sound business” purpose.

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A business must be for-profit and have less than 500 employees. Its net worth must not exceed $15 million and its average net income after taxes for the preceding 2 years must not exceed $5 million. Eligible businesses must be corporations, partnerships or proprietorships with a “sound business” purpose.