SBA 504 Program
6.432% Effective Rate
Whether you’re just starting out or ready to grow, the SBA 504 Loan Program offers long-term, fixed-rate financing for big purchases—like buildings, construction, or major equipment.
Excellent Option For
- Predictable, long-term financing with a low down payment
- Purchasing land, buildings, or long-life equipment
- Renovations or construction on commercial property
Real Life Example
An existing oil and lube business is looking to purchase a larger facility and install updated equipment.
Project | |
|---|---|
Total Project | $1,500,000 |
Purchase of Real Estate | $1,000,000 |
Equipment | $480,000 |
Professional Fees | $20,000 |
Financing | |
|---|---|
Total Financing | $1,500,000 |
Bank (50%) | $750,000 |
SBA 504 (35%) | $525,000 |
Equity (15%) | $225,000 |
Let’s Get Started
Someone from our team will get in touch to learn more about your business, talk through your goals, and help you find funding that fits your next move.
REI Oklahoma does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities and provides equal access to all. The following person has been designated to handle inquiries regarding the non-discrimination policies: Heidi McKnight, Human Resources, REI Oklahoma, 2912 Enterprise Dr., Durant, OK 74701, or (580)924-5094.