12 Owner-Occupied Businesses That May Use SBA 504 Financing
If your business needs real estate, construction, renovations, or long-term equipment to grow, an SBA 504 loan may be one financing option to consider. But being in a particular industry does not automatically make a business or project eligible. Businesses eligible for SBA 504 loan financing must meet several requirements. SBA 504 eligible industries are not determined by industry name alone. Eligibility depends on several factors, including the operating company, how the financed property will be occupied and used, the useful life of equipment, and the structure of the overall eligible project. That distinction matters. A restaurant purchasing the building where it operates may have an eligible project, while a real estate investor purchasing the same type of building primarily to lease to unrelated tenants generally would not. A manufacturer may be able to finance qualifying long-term machinery, while short-life equipment may not qualify. This guide explains how SBA 504 eligibility ...