How Do I Get a SBA 504?
Security National will finance many SBA 504 loans. We have a dedicated team who provide great rates for all of our clients, so regardless of what industry you are in, Security National can get financing for your business.
Look through the requirements below and fill out our online calculator to see if we can help you get the best loan possible!
What is Security National Looking for in a SBA 504 SBA Loan?
| Preferred Types of Real Esate | Real Estate S.N. Avoids |
|---|---|
| Office | Gas Station/C-Store |
| Warehouse | Car Wash |
| Manufacturing | Auto Dealership |
| Medical Offices | Night Club |
| Retail | Athletic/Fitness Centers |
| Adult Care Facilities | Special Use Start-Ups |
| Etc.* | Hotels/Motels |
*If your type of business in not on either of these lists, please contact us to see if you qualify.
Eligibility Requirements
- Businesses must be for-profit entities engaged in manufacturing, retail/wholesale, service and construction
- The business must have a net worth less than $15 million and average annual net profits for the past two years of less than $5 million
- Must be a first lien loan, or the first time the property has been used as collateral
- On an existing facility, borrower must occupy 51% of the space
- On a new facility, borrower must occupy 60% of the space
- Minimum FICO Score = 650 - No previous bankruptcy
