What Real Estate Properties Qualifies for a SBA 504 Loan
To be eligible for a SBA 504 loan the borrowers business must be set up as a for profit business and also must fall within the size standards set by the SBA. The size standards set by the SBA dictate that the business must not have a tangible net worth in excess of $7.5mm and must not have an average net income in excess of $2.5mm after taxes for the preceding two years. Businesses that are not eligible for SBA 504 loans are ones that exceed the size standards, those that are non-profit, illegal businesses, businesses owned by foreigners or those located in foreign countries, as well as lending institutions, to name a few.
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