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

Connect with a Middle Market Group Head to add a little momentum to your business today.

Kevin Bolger
(773) 714-6300

Kyle Freimuth
(312) 235-1141

Michael Graf
(708) 761-8678

You are leaving the First Midwest website.

Redirecting to