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Category: SBA 504 Loans

How to Use the Small Business Administration’s 504 Loans

How to Use the Small Business Administration’s 504 Loans

What it is: The SBA’s Certified Development Company (CDC) /504 Program provides long-term, fixed-rate financing for businesses acquiring new facilities or purchasing equipment to update existing locations. The 504 program is about helping a small business purchase the assets needed to take it to the next level. Loans cannot be used for working capital or purchasing inventory — allowed uses […]

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