• SBA 504 Loan Program
  • SBA 504 Eligibility
  • Find out if an SBA 504 loan is right for you.

CURRENT SBA 504 RATES – JUNE 2024

 20-YEAR25-YEAR10-YEARPRIME
STANDARD6.45%6.35%6.91%8.50%
REFINANCE6.48%6.38%6.94% 

The U.S. Small Business Administration (SBA) 504 Loan Program is designed to assist small business owners or entrepreneurs in financing fixed assets such as commercial real estate or equipment. Refinancing existing real estate and equipment debt may also be eligible.

The 504 loan works in partnership with your local bank or credit union and has the benefits of:

  • Lower, fixed interest rate
  • As low as a ten percent down payment
  • Financing for up to 40% of eligible costs
  • Up to a 25-year term and amortization (no balloon payment)
  • Refinance existing real estate or equipment debt

SBA 504 BASICS

ELIGIBLE BORROWERS

ELIGIBLE USES

LOAN CALCULATOR


SEDA-COG Local Development Corporation (LDC) is authorized to administer the 504 Loan Program to small businesses across Pennsylvania. SEDA-COG has been providing SBA 504 loans to small businesses since 1981.

MISSION STATEMENT: The mission of the SEDA-COG Local Development Corporation is to promote the general wealth, welfare, and prosperity of the people residing or operating businesses within its area of operations.