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Integrated Recovery Guide - 504 Loan Guarantee Program Print Share

504 Loan Program
$375 million was included for the temporary fee reduction for the 7(a) loan guarantee program and the 504 loan program.

Agency: Small Business  (SBA)

Provision: Temporary fee elimination - SBA is directed to collect no fee or reduce fees to the maximum extent possible for the 504 loan program

Purpose: To ensure small businesses maintain adequate access to 504 loans for fixed asset projects. 504 loans may be used for purchasing land and improvements, including existing buildings, grading, street improvements, utilities, parking lots and landscaping; construction of new facilities, or modernizing, renovating or converting existing facilities; or purchasing long-term machinery and equipment.

Description: Fees total approximately three (3) percent of the debenture and may be financed with the loan.

Website: www.sba.gov/nm
www.sba.gov/recovery
or click here

Email: answerdesk@sba.gov

Phone:1- 800-U-ASK-SBA (1-800-827-5722)
(505) 248-8225 - (New Mexico District Office)