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      Portion of the loan guaranteed by the SBA

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      No minimum loan amount

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      For commercial real estate & equipment

  • About the SBA 504 Loan:

    The SBA 504 Loan Program is used to finance the purchase of fixed assets, including owner occupied commercial real estate and equipment. Often referred to as a 50/40/10 loan, the program offers up to 90 percent financing for existing businesses. Typically the First Trust Lender, First National Bank Small Business Finance, would provide 50 percent financing, an arm of the SBA called a Certified Development Company (CDC) provides 40 percent financing, and the borrower injects 10 percent of the project cost in equity.

    A Flexible Commercial Finance Product:

    The SBA 504 Loan Program typically has terms up to 20 years with a fixed rate on the CDC portion. At First National Bank Small Business Finance, we typically offer a 25 year term on the First Mortgage with rates that adjust every 5 years. There is no minimum size for an SBA 504 Loan, and they can typically be used for projects up to $10 Million or more.

    Eligibility:

    To be eligible for the SBA 504 Loan Program, a business must be for profit and fall within a size limit of having a tangible net worth of less than $15 Million and have had an average profit of less than $5 Million in the last two years. These loans are subject to underwriting by the bank, the CDC and the SBA. SBA 504 loans have a job creation requirement of one new job for every $65,000 of loan proceeds.

  • Applying for an SBA Loan:

    Our objective is to make the borrowing process simple and straightforward. You can begin by adding this product to your cart. During the checkout process you can select the option to set up time to meet with one of our experts.

    Required Identification:

    Depending on your type of organization, we may need one or more of the following documents when opening your account. These may include:

    • Department of State printout of business registration/Government-issued business license
    • CPA-signed tax return
    • Articles of Incorporation or Articles of Organization
    • Bylaws or Operating Agreement
    • Partnership Agreement

    Have the following available for your appointment:

    • All current mortgage statements
    • Current bank statements and/or account balances
    • List of all owners having 20% or more ownership in the subject business along with any affiliates (if applicable)
    • List of all current business debts and their respective monthly payments
    • Tax Identification Number for the business and/or its affiliates.
    • DUNS (Data Universal Numbering System) number

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Notices & Disclosures
  • NMLS #766529
  • SBA Lender
  • Some applications may require further consideration and additional information may be requested. Credit terms are subject to approval.
  • Normal credit standards apply. Maximum amount of credit is subject to SBA Program limitations.

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