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SBA Loans That Make a big impact

Small business loans help turn small ideas into big dreams. With a U.S. Small Business Administration 504 (SBA 504) from Ascend Bank, your small business can keep growing.

Business owners know first-hand about growth and job creation. SBA-guaranteed loans come in multiple forms and terms. Speak to your Ascend Bank Commercial Loan Officer to find out how we can help.

SBA 504 Loans to Help Grow Your Business

What is a SBA 504 loan?
What can a SBA loan be used for?
What are the key aspects of a SBA 504 loan?

What is a SBA 504 loan?

Benefits and Purpose of SBA Loans

SBA loans are government-guaranteed small business loans that are backed by the Small Business Administration and are designed to help individuals qualify for funds to help their business. With less strict eligibility requirements, SBA loans can be particularly helpful when business owners are not yet able to secure funding via traditional loans or other sources.

What can a SBA loan be used for?

SBA 504 loans have a variety of uses

The SBA 504 loan is ideal for purchasing land for future owner occupied construction, owner occupied real estate, equipment and heavy machinery with a useful life of 10 years or more.

What are the key aspects of a SBA 504 loan?

4 high-level factors to consider for sba 504 loans

Loan amounts up to $15,000,000
Terms up to 25 years for commercial real estate and 10 years for equipment financing.
SBA debt portion up to $5,500,000 and total project size up to $20,000,000
Requires 10-20% down payment

Help Your business. Contact a Commercial Lender Today

The experts at Ascend Bank will work one-on-one with you to create a plan that best fits your financial and building needs. Ascend Bank has been serving the financial needs of businesses in Connecticut for nearly 150 years, on their terms. We’d love to partner with your business, too — contact us today to start building better:

CONTACT A COMMERCIAL LENDER