Get the free SBA 504 Loan Application
Show details
Este formulario está diseñado para ayudar a las pequeñas empresas a solicitar financiamiento a través del programa de préstamos SBA 504. El proceso incluye la recopilación de información financiera
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign sba 504 loan application
Edit your sba 504 loan application form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your sba 504 loan application form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit sba 504 loan application online
Here are the steps you need to follow to get started with our professional PDF editor:
1
Set up an account. If you are a new user, click Start Free Trial and establish a profile.
2
Simply add a document. Select Add New from your Dashboard and import a file into the system by uploading it from your device or importing it via the cloud, online, or internal mail. Then click Begin editing.
3
Edit sba 504 loan application. Replace text, adding objects, rearranging pages, and more. Then select the Documents tab to combine, divide, lock or unlock the file.
4
Save your file. Choose it from the list of records. Then, shift the pointer to the right toolbar and select one of the several exporting methods: save it in multiple formats, download it as a PDF, email it, or save it to the cloud.
With pdfFiller, it's always easy to work with documents.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out sba 504 loan application
How to fill out SBA 504 Loan Application
01
Gather required documentation: financial statements, tax returns, and business plans.
02
Complete the SBA 504 Loan Application form accurately.
03
Provide detailed information on the business and the intended use of the loan.
04
Include personal financial statements of the owners.
05
Submit the application with supporting documents to an SBA-approved lender.
06
Follow up with the lender for any additional information or clarification.
Who needs SBA 504 Loan Application?
01
Small businesses seeking to purchase real estate or large equipment.
02
Businesses that want to improve or expand their operations.
03
Entrepreneurs looking for long-term financing options at lower interest rates.
04
Businesses that meet the SBA size standards.
Fill
form
: Try Risk Free
People Also Ask about
Is it hard to get an SBA 504 loan?
Small businesses must provide extensive documentation including both business and personal tax information, and that documentation takes time to gather and process. While there's not a fixed timeline for SBA 504 loan approval, the entire process can take as long as 6 months, though 2-3 months is more typical.
Do SBA 504 loans require a down payment?
SBA 504/CDC loan down payments Business owners should expect to pay a minimum down payment of 10% for an SBA 504/CDC loan, with some businesses needing to provide up to 20%.
What credit score do you need for a SBA 504 loan?
The minimum credit score for an SBA loan is 680 with a 10% down payment to purchase the asset. The SBA 504 loan, or SBA CDC loan, offers long-term, fixed-rate funding of up to $5 million for major fixed assets (i.e., real estate, equipment, etc.) that promote business growth and job creation.
How long does it take to get an SBA 504 loan?
The length of time required for an SBA 504 loan to be approved can vary drastically, but averages between 60 and 90 days. With that being said, it may take up to six months in some situations. There is no hard and fast rule here, and each situation will be unique. Start Your Application and Unlock the Power of Choice.
Are SBA 504 loans hard to get?
The challenge with the 504 loans is that you have to get lender approval, CDC approval, and at the very end SBA approval. I've seen deals declined by the SBA for reasons like ``we think you're growing too fast'' or some other reason that is very subjective.
What is the minimum credit score for SBA 504?
3. SBA 504 Loan Minimum Credit Score for SBA Loan. The minimum credit score for an SBA loan is 680 with a 10% down payment to purchase the asset. The SBA 504 loan, or SBA CDC loan, offers long-term, fixed-rate funding of up to $5 million for major fixed assets (i.e., real estate, equipment, etc.)
Can I get a loan with a credit score of 504?
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 504 FICO® Score☉ is significantly below the average credit score. Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit.
How to qualify for a 504 SBA loan?
To be eligible for a 504 loan, your business must: Operate as a for-profit company in the United States or its possessions. Have a tangible net worth of less than $20 million. Have an average net income of less than $6.5 million after federal income taxes for the two years preceding your application.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is SBA 504 Loan Application?
The SBA 504 Loan Application is a financial application form used to apply for a 504 loan from the Small Business Administration (SBA), which is designed to provide long-term, fixed-rate financing for major assets such as real estate and equipment.
Who is required to file SBA 504 Loan Application?
Borrowers who are small businesses looking to finance commercial real estate or heavy equipment are required to file the SBA 504 Loan Application, typically in conjunction with a Certified Development Company (CDC) and a lender.
How to fill out SBA 504 Loan Application?
To fill out the SBA 504 Loan Application, applicants need to provide detailed business information, including financial statements, business plans, and project details. This typically involves completing specific forms and submitting supporting documentation required by the CDC or lender.
What is the purpose of SBA 504 Loan Application?
The purpose of the SBA 504 Loan Application is to enable small businesses to obtain funding for substantial capital expenditures, thereby promoting business growth, job creation, and economic development.
What information must be reported on SBA 504 Loan Application?
Information that must be reported on the SBA 504 Loan Application includes business financial statements, credit history, details about the project being financed, business ownership structure, and any other relevant data that supports the loan request.
Fill out your sba 504 loan application online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Sba 504 Loan Application is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
