504 loans

U.S. Small Business Administration, 3 min read

This lesson is a guide published on sba.gov.

What you'll get

The SBA's page on 504 loans describes long-term, fixed-rate financing for buildings, land and machinery that will last at least ten years, made through a nonprofit certified development company and a bank, and says it can't pay for working capital or inventory. No equipment-financing lesson written for food brands turned up, so this comes from the Manufacturing track; it fits when your next big purchase is your own kitchen, a bottling line or a building.

Do this week

If your next big purchase is equipment or a building, use the page's finder to find the certified development company for your county and ask what it would need to see.