About

SBA 504 loans can be used to buy, build or renovate commercial real estate properties, or to purchase equipment that has a life expectancy of 10+ years. In most cases, a 504 loan project requires a down payment of only 10 percent of the total project cost from the borrower, with the remaining amount split between a first mortgage provided by a commercial lender and a second mortgage provided by a certified development company (also known as a CDC), like TMC Financing.