First Home Buyer

SBA 504 Loan Program

Depending on the size, age and goals of your business, an SBA 504 loan could be just what you need to succeed. SBA 504 loans are partially funded by the Small Business Administration and available to qualified business owners looking to purchase long-term assets, upgrade existing assets, or purchase real estate.

Get Ahead With A SBA 504 Loan

In addition to the expertise and personalized support of a nation-leading lender, when you get an SBA 504 loan through BayFirst, you can also expect:

  • No limit on the conventional first mortgage of a 504 loan (or $5.5 million for eligible energy-efficient projects)
  • Financing up to 90 percent of eligible project costs
  • Fixed interest rates
  • A low down payment requirement
  • 10-, 20-, or 25-year terms
  • Streamlined processes

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Why BayFirst?

When you borrow or refinance using an SBA 504 loan from BayFirst, you get the powerful backing of one of the nation’s top SBA lending divisions, fast access to your funds thanks to our SBA Preferred Lender status, and the personal attention and guidance our experts provide at every turn.

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SBA 504 Loan Uses:

The SBA’s 504 loan can be used to fund a wide range of assets that promote business growth and job creation. Uses include the purchase or construction of:

  • Existing buildings or land 
  • Long-term machinery and equipment
  • New facilities 
SBA 504 Loans can also be used for the improvement of: 
  • Land, streets, utilities, parking lots and landscaping 
  • Existing facilities