SBA 504 Loan Program

The Small Business Administration's (SBA) Commercial Development Company/504 Loan Program* provides long-term financing for economic development within a community. The CDC/504 program has been established to help businesses requiring physical building or capital equipment & machinery financing. Money borrowed with a SBA 504 loan can be applied to land and building purchases, existing building and lot improvements, new construction, long-term equipment purchases and more. Program eligibility requirements to complete this type of loan, include:

  • 51% occupancy for existing building
  • Proven 60% occupancy for new construction

A Commercial Relationship Manager can review all program requirements.

Talk to a Relationship Manager today about your lending needs. We look forward to providing you the momentum to propel your business forward.

Get Connected

Rebecca King, Ag & Agribusiness
309.341.5007 


Chris Chiappetta, Equipment Leasing
847.871.4208


Nadine Johnson, Government Services
847.739.3841


Joseph Angel, Structured Finance
312.235.1164


Nick Savramis, International Services
708.831.7467


Merrilee Rojas, Franchise Banking
708.583.2330


Neil Prendergast, Asset Based Lending
773.714.6202


Mike Taylor, Healthcare Lending
708.831.7491 


Joe Koscal, MSB & Financial Service Centers
708.831.7354


Morgan Lyons, Capital Markets/Syndications
708.831.7370


Jim Ringer, Wealth Management
815.773.2616

 

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