Want to apply for an SBA 504 loan?
Get organized with our document checklist.
The SBA 504 loan is an excellent financing tool for businesses that are looking to finance the purchase of fixed assets such as commercial real estate and equipment. Created by the SBA to support and encourage small business growth, these loans have low down payments and interest rates.
When applying for an SBA 504 loan, you’ll need to provide the Certified Development Company (CDC) and your lender with a very wide range of documentation. Use our convenient document checklist as a guideline to ensure you have everything the lender may ask for to complete your loan application.
Having the right banking partner is essential to your success. Choices are vital when it comes to business loans. We take a consultative approach and partner with you to structure the financing you need to achieve your business goals.
As a nationwide SBA Preferred Lender, First Bank of the Lake has the resources and extensive experience and together we can tailor solutions for your business and guide you down the path to success.
Interested in learning more about SBA Loans?
Client Success Story: StruXure Outdoor
Scott Selzer originally set out to design a better pergola for one of his clients. Learn how First Bank of the Lake helped him expand and grow his business into one of the fastest-growing privately held companies in the United States.
SBA 7(a) vs 504: Which is Right for You?
Discover the key differences between the Small Business Administration (SBA) 7(a) and 504 loans and learn when you should consider each program.
Choosing the Right SBA Lender
The first step in applying for an SBA loan is to choose an SBA-approved lender. But with many banks to choose from, how do you know which SBA lender is the right fit for you?
All loans are subject to credit approval. Restrictions and limitations may apply. First Bank of the Lake does not provide tax, legal or investment advice. All decisions concerning these matters should be made in conjunction with your professional advisors.
