The SBA 504 Loan Program requires that the small business applicant is a for-profit entity that has a tangible net worth of less than $15 million and a net-profit-after-tax averaging less than $5.0 million for the previous two years.

The SBA 504 Loan Program also requires that the small business applicant has a private-sector lender commitment (typically for 50 percent of the total project cost) and is able to contribute the minimum equity injection (at least 10 percent of the total project cost.)

In addition, the SBA 504 Loan Program requires that the small business applicant meet job creation and/or job retention goals, as determined by the SBA 504 Loan amount, or meets an economic development objective/public policy goal (Woman-Owned Business, Minority-owned Business, Veteran-Owned Business, Rural Development, Energy Efficiency, etc.)

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