What kind of job creation, community development and public policy goals must be met to obtain an SBA 504 loan?
To be eligible for a 504 loan, applicant businesses must meet a least one of many job creation, community development or public policy goals through their expansion projects. The goal(s) met determine the maximum amount of the 504 loan. Job creation goals: Jobs are created within two years as a result of the project. Jobs are retained if it can be shown that jobs would be lost to the community if the project was not completed.
