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What is the occupancy requirement to qualify for an SBA 504 loan?

April 26, 2017loan occupancy qualify requirement SBA

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What is the occupancy requirement to qualify for an SBA 504 loan?

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51% if acquiring an existing facility (49% can be permanently leased out). 60% for a new construction project with the potential that the business will occupy some additional space within three years, and a total of 80% within ten years. The balance of the building (20%) can be permanently leased out.