Loans

SBA 504 Program

4.89093% Note 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

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.