SBA 504 Loan Calculator - Get an Instant Estimate

All loan applications are considered on a case-by-case basis. Final eligibility and credit worthiness is determined upon completion of a review of the entire loan application by SBA.

SBA 504 Loan Calculator Basics

To use our loan calculator, simply fill out the information below to the best of your ability and watch as your payment rates are calculated.

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SBA 504 Loan Calculator
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* Standard 8.5% interest is used for bank loan estimates.

Loan Rates (as of June 2024)

25 Years:
as low as


20 Years:
as low as


10 Years:
as low as


Loan Rates (as of May 2022)

10 Years:
as low as


20 Years:
as low as


25 Years:
as low as


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Talk to one of our loan experts today to find the right solution for your needs

Or give one of our expert loan officers a call at 513-631-8292 for more info.

“Alloy walked me through the SBA 504 loan process every step of the way, which I really needed since I had never purchased commercial real estate before. They also helped me out with a tricky leased land situation that helped pave the way for future commercial real estate purchases.”
Steve Dorgan
President, Wray Precision, SBA 504 Loan Borrower

Notes About Eligibility

While the SBA 504 loan offers numerous advantages for small business owners, it’s essential to understand the eligibility requirements before proceeding with an application. To qualify for an SBA 504 loan, businesses must meet specific criteria established by the Small Business Administration.

First, the business must be based and operate within the United States or its territories. Additionally, the company must be classified as a “small business,” as defined by the SBA. This classification typically means that the business must have a tangible net worth of no more than $15 million and an average net income of no more than $5 million after taxes for the preceding two years. 

Another key aspect of eligibility for the SBA 504 loan is that the loan must be used for qualified business expenses. These expenses include purchasing real estate, machinery, and equipment and renovating or constructing facilities. The primary use of SBA 504 loans is for real estate. Note that for real estate development projects to qualify, the building(s) must be at least 51% owner occupied, meaning that buildings like apartment complexes do not qualify. 

Business owners must typically contribute at least 10% of the project costs as a down payment. This requirement ensures that the business has a stake in the project’s success and is willing to invest capital in its growth and expansion goals. However, in the cases of start-ups or special-purpose buildings, the required down payment may increase to up to 15% or 20%.

In some cases, SBA 504 loans can also be used to refinance existing debt. Businesses seeking refinancing loans must meet the following criteria:

  • Operational for at least two years.
  • Mortgage debt to be refinanced must be at least 6 months old.
  • The refinance project must be secured by the mortgage that will secure the new loan.
  • Recently expanded guidelines now allow loans to be eligible for 504 refinance if the existing loan is an existing SBA 7(a) or SBA 504. An Alloy lender can help you determine if you qualify. 

Another key requirement for SBA 504 loans is that the business owner must demonstrate the ability to repay the loan by providing financial statements and other relevant documents to show that the company can support the required monthly payments. This aspect is essential, as the SBA wants to ensure that loan recipients can successfully manage their debts and grow their businesses.

Important Factors to Consider

Before applying for an SBA 504 business loan, consider some crucial factors such as:

  • Qualification Requirements: Does my business meet the requirements set forth by the SBA?
  • Financial Partner: What certified development corporation (CDC) should I work with? What qualities do I seek in a growth partner?

Why Choose Alloy Development Co.?

If you seek an economic development partner to grow your business, look to Alloy Commercial Capital. Our team has extensive experience in SBA lending and have helped finance over $1 billion in projects. As the largest SBA 504 lender in Ohio and Kentucky, we value our role as a certified development company, and when you work with us, you ll benefit from our passionate commitment to your ideas, your business, and your vision. Let us help you start the SBA 504 Loan process today, and contact us to learn more.

SBA 504 Loan FAQs

SBA 504 loans offer numerous advantages for small businesses, including competitive fixed interest rates, longer repayment terms (up to 25 years), and lower down payments than conventional bank loans.

Yes, existing businesses can benefit from SBA 504 loans if they meet the eligibility criteria. These loans can help businesses invest in new equipment, machinery, and real estate to expand their operations, improve productivity, and create new jobs.