FAQs

Q: What can an SBA 504 Loan be used for?
Q: How does the SBA 504 Program work?
Q: How does the TPL – SBA lending partnership work?
Q: Does the use of a 504 Loan delay financing?
Q: Is Access BDF a part of the SBA?
Q: If I have a project already underway, is my project eligible for financing under the 504 Program?
Q: Is there a limit on the amount of a 504 Loan?
Q: May I use my current bank as the TPL partner?
Q: Why should I use the 504 Program to finance machinery and equipment instead of a capital lease or a conventional bank loan?
Q: Why choose the SBA 504 Loan Program over the SBA 7a Loan Program to finance fixed assets?
Q: Is the 504 Program only for small business financing?