The 504 program is designed to help business owners acquire commercial real-estate and/or heavy equipment without the high cash outlay requirements associated with conventional loans.
- Multi Purpose Loan. Funds can be used for building acquisition or construction, financing machinery, remodeling, expansion and renovations to existing buildings.
- Long Repayment Terms Available. Up to 10 years on equipment (based on useful life) and up to 20 years on real-estate.
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