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To be eligible for a 504 Loan, your business must:

• Be organized for profit (Corporation, LLC partnership, or proprietorship) are eligible to apply!
• The business’s tangible net worth may not exceed $20 million
• The business’s net profit after taxes may not exceed $6.5 million (2-year average)

Ineligible Businesses:

• Non-profit
• Life Insurance Carriers
• Gambling Concerns
• Private Clubs that restrict membership
• Located in a foreign country
• Business engaged in Passive or speculative activities

In addition to meeting the SBA’s size requirements, additional general eligibility requirements include the capacity to repay the loan, qualified management experience, a viable business plan, and good character.