SBA 504 Loan

The SBA 504 loan program from MEACO

The SBA 504 Loan Program the SBA 504 Loan Program provides long-term, fixed rate financing at below market interest rates. Virtually all for-profit small businesses with a net worth of seven million dollars and under are eligible. Proceeds may be used for land, building, equipment or tooling. Projects of up to $3.8 million are eligible.

Help customers

MEACO can help your customers

• Conserve working capital - low down payment. Typically, 10% of the total project cost.
• Low, fixed long-term rates - No balloon payments
• Real estate and building loans are 20-year term
• Equipment - 10-year term.

Help your bank

MEACO can help your bank

• Reduce Risk
  • Finance a smaller portion of the project while maintaining a first-lien position on 100 % of the assets being financed.
• Become a Better Resource and Build Commercial Account Business
  • Generate incremental revenue through additional new customers and services while participating in the long-term financing
• Make Larger Loans
  • Total financing can be $2.5 million or more.
• Develop a Secondary Market in their First-Mortgage Portion.
• Comply with the Community Reinvestment Act
  • Extend legal lending limits.
  • Stimulate the Local Economy through job creation and retention.
• Save Time
  • There's no SBA paperwork for the lender.