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S MALL B BUSINESS F FINANCING U.S. SMALL BUSINESS ADMINISTRATION 504 LOAN HIGHLIGHTS WE PROVIDEFINANCING FOR: Land/Building Acquisition Machinery & Equipment ExpansionTYPICAL LOAN STRUCTURE: 50×
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How to fill out form 504 loan program

How to fill out form 504 loan program
01
Collect all the necessary documents such as financial statements, tax returns, business plan, and project cost estimates.
02
Review the eligibility requirements for the form 504 loan program to ensure you meet all the criteria.
03
Contact a Certified Development Company (CDC) in your area to start the application process.
04
Complete the necessary forms provided by the CDC, which may include SBA Form 1244, SBA Form 1245, and SBA Form 1919.
05
Provide all the required information and supporting documentation accurately and thoroughly.
06
Submit the completed application to the CDC along with any applicable fees.
07
Work with the CDC to finalize the loan package and address any additional requirements or questions.
08
Await the approval decision from the SBA and the CDC.
09
If approved, proceed with the loan closing process and fulfill any remaining obligations outlined by the SBA.
10
Use the funds from the form 504 loan program as intended and abide by the terms and conditions of the loan agreement.
Who needs form 504 loan program?
01
Small business owners who require long-term financing for land, buildings, machinery, or equipment.
02
Businesses looking to expand their operations, purchase fixed assets, or renovate existing facilities.
03
Entrepreneurs who may have difficulty obtaining financing through conventional means.
04
Companies looking to create jobs or contribute to economic development in their communities.
05
Businesses located in communities with high unemployment rates or underserved areas.
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What is form 504 loan program?
The form 504 loan program is a type of Small Business Administration (SBA) loan program that provides long-term, fixed-rate financing to small businesses for the purchase of major fixed assets.
Who is required to file form 504 loan program?
Small business owners who are looking to finance the purchase of major fixed assets through the form 504 loan program are required to file the form.
How to fill out form 504 loan program?
To fill out form 504 loan program, one must provide information about the small business, the major fixed assets being purchased, and financial information about the business.
What is the purpose of form 504 loan program?
The purpose of form 504 loan program is to provide small businesses with long-term financing for the purchase of major fixed assets, such as real estate or equipment.
What information must be reported on form 504 loan program?
Information such as the business's financial history, the purpose of the loan, the amount and type of fixed assets being purchased, and the collateral being used to secure the loan must be reported on form 504 loan program.
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