Businesses seeking financing through the SBA 504 Loan Program must :

• Be  a "for profit" business that has a net worth of no more than $8.5 million and a net profit after tax averaging less than $3 million for the two years preceding the loan request.  In addition the owners of the business must be within SBA's personal liquidity guidelines.
• Meet job creation and/or job retention goals determined by the SBA loan amount or meet certain economic development objectives.
• Have a private lender commitment for 50% of the total project cost and be able to contribute the minimum equity injection which is at least 10%.  If the project involves a "single purpose facility the minimum equity injection is 15%.  For businesses that are less than 2 years old the equity injection increases an additional 5%.