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SBA 504 Loan Program*

$15 million
maximum loan
25 year
maximum term
90% financing
available*

SBA 504 loan is offered to promote business growth and job creation through purchase or improvement of real estate, heavy machinery, and equipment. SBA 504 loan structure includes 3 parties: the borrower, CBB Bank, and the SBA approved Certified Development Company (CDC).

What can you use your 504 loan for?

fixed asset
Fixed Assets
real estate - land or building
Real Estate:
Land or building
equipment
Equipment
machinery
Machinery
facility expansion
Facility
Expansion
combined refi expansion
Combined Refi/Expansion

504 loan features

Low down payment (typically 10-15%)
Fixed rate for SBA 504 (CDC) loan portion
Full amortization and no balloon payment on SBA 504 (CDC) loan portion

The details

Loan amount: Up to $15 million
Borrower injects 10-15% of the total project cost
50% CBB bank loan, 40% SBA (CDC) loan
Loan term:
  • CBB bank loan: Up to 10-years due with 25-year amortization
  • SBA 504 (CDC) loan: Up to 25-years
Interest rate:
  • CBB bank Loan: Variable and fixed rate options
  • SBA 504 (CDC) loan: Fixed rate
Personal guarantees of the principal owners of 20% or more are required



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*Terms and conditions apply and subject to credit approval.