Commercial Real Estate Loans

Invest in Your Business with SBA 504 Loans

Apply now

Commercial Real Estate Loans

Invest in Your Business with SBA 504 Loans

Apply now

female business owner talking with bank

Your Key to Commercial Success

Are you ready to take the next step in growing your business? The SBA 504 Loan Program lets you take bold steps to grow your business while keeping your cash flow strong. With this program, you can access up to $5.5 million in financing at below-market, fixed interest rates, with only 10% down in most cases.

With the SBA 504 Loan, you can:

You’re not just investing in growth—you’re building a foundation for sustainable success by financing your project with an SBA 504 Loan.

How the SBA 504 Loan Works

A simple, three-part structure:​

Key Benefits

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Your Guide to the SBA 504 Loan Process

Tackle the SBA 504 loan process with confidence by knowing exactly what to expect. Review the checklist of application requirements beforehand to stay prepared, ensure a smooth process, and inspire hope for the success of your business.

Follow these steps to move through the process confidently.

1. Submit Your Application

Provide the necessary details for your loan. During this phase, SCKEDD evaluates your eligibility and creditworthiness, collaborates with you to structure the loan, and secures internal approval.

Estimated Timeframe: 1-2 weeks

2. Secure SBA Approval

Once your loan application is finalized, SCKEDD submits it to the SBA for review and authorization. The SBA examines your proposal, approves the loan, and clears the project to move forward.

Estimated Timeframe: 2-3 weeks

3. Activate Interim Financing

Move your project forward during this phase.

  • Receive 504 Terms and Conditions from the SBA.
  • Work with your partnering bank as they disburse the interim loan.
  • Complete purchases, construction, or renovations.

Estimated Timeframe: Varies based on project complexity (2-6 months)

4. Finalize and Close

Move your project forward during this phase.

  • Receive 504 Terms and Conditions from the SBA.
  • Work with your partnering bank as they disburse the interim loan.
  • Complete purchases, construction, or renovations.

Estimated Timeframe: 1-2 months

Is My Business Eligible?

At-a-glance checklist

Current and Historical SBA 504 Loan Rates

Stay informed about the latest SBA 504 loan rates and see how they’ve changed over time. These rates include fees to the CDC, SBA, and central servicing agent, ensuring transparency and accuracy.

Current Rates (April 2025)​

6.432%​

2025 (Jan-Apr)

6.512% - 6.432%

2024

6.690% - 5.762%

2023

7.129% - 5.880%

2022

6.529% - 3.213%

Current Rates (April 2025)

6.450%

2025 (Jan-Apr)

6.581% - 6.450%

2024

6.760% - 5.829%

2023

7.180% - 5.952%

2022

6.452% - 3.067%

Current Rates (April 2025)

6.337%

2025 (Jan-Apr)

6.642% - 6.337%

2024

6.892% - 5.865%

2023

7.207% - 6.433%

2022

6.534% - 3.070%

For a more detailed breakdown of historical rates, visit the Small Business Finance 504 Loan Rate History.

Need a bit more clarity?

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