What Can SBA 504 Small Business Loan Funds Be Used For?

By Christine Halvorsen • 12.08.21
bank loans  business loans  Category SBA 504 Loans  government loans  loans for small business 
This SBA Loan video highlights what funds from a SBA 504 loan can be used for. For easy reference, see the full transcript below the video. Now that we’ve discussed who is eligible for the program, let’s go over what the small business administration loans can be used for: SBA 504 loan funds may be used to: -Purchase new or existing buildings -Purchase machinery & equipment -Most “soft” costs related to a project (appraisals, loan fees, construction line interest, etc.) can be included in the total project costs to be financed. An exhaustive list of eligible soft costs can be found on SBA’s website (SBA.Gov). In addition, there is some level of refinancing allowed when included with an expansion project that involves investment in fixed assets. For example, you may be able to roll your existing building loan into a larger expansion project that involves adding on to your building. Recent government initiatives have also resulted in a temporary refinancing program until Sept 27, 2012. Under this temporary program, a qualifying business can utilize the 504 SBA program to refinance existing, qualified debt to lower their interest rates, improve terms, or acquire additional working capital. This temporary business loan refinancing program can provide refinancing of up to 90% of the appraised value of available collateral.
About US Cargo Control

Founded in 2005, US Cargo Control is a trusted leader in the cargo control industry, specializing in professional rigging and lifting equipment, trucking and transportation tie downs, and moving supplies. With a superior online shopping experience, industry-experts available via phone, and a central Midwest location, USCC is dedicated to getting you what you want, when you need it. For more information, visit www.uscargocontrol.com

Related Products

Don't Miss Out

Recent Articles

We expanded our lifting equipment line with Lift-It® High Performance Endless Round Slings. Read to learn how these new synthetic round slings will improve your lifting or rigging job and the workforce.

We expanded our recovery strap line with 3-Ply and 4-Ply Recovery Straps, and these new straps will give you more capability with higher working load limits up to 192,000 lbs WLL (or support vehicles' weight over 80,000 lbs). 

Chat with us