The U.S. Small Business Administration’s 504 Loan Program enables expanding businesses or start-ups to secure long-term, fixed-rate financing for major fixed assets, such as land, buildings, and/or long-term equipment through loans made by the TPRDC.
A typical TPRDC project through the Small Business Administration 504 Loan Program entails a bank loan secured by a first lien covering 50% of a project’s cost. Then the TPRDC covers up to the remaining 40 percent of the cost, and the borrower injects a minimum of 10%. In addition to minimizing your financial burden and enabling you to grow, other advantages include:
Contact us for more details and support in completing your successful application for funding.