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What are the Permitted Uses of SBA 504 Loan Proceeds?

April 26, 2017loan permitted proceeds SBA uses

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What are the Permitted Uses of SBA 504 Loan Proceeds?

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Acquisition of vacant land for construction of a building Acquisition of land and building Leasehold improvements Renovation of building; addition to building Construction of a building Acquisition of a commercial fishing vessel or party boat Acquisition of heavy duty machinery & equipment (such as printing press) Associated soft costs: title searches & insurance; attorneys fees; appraisals; environmental reports; architects; permits; surveys; installation of machinery; points on bridge loans, small amount of furniture and fixtures, etc. Not permitted are mortgage broker fees; points on permanent financing; moving expenses. Refinancing is not permitted except to take out financing on property acquired within last 9 months with interim funds.