Small Business Administration 504 Loan Program
Planning an expansion? You can benefit from attractive, fixed asset financing through the SBA 504 Loan Program. With 504, you get long-term fixed rate financing at a reasonable interest rate, and you typically put in only 10%.
- Up to $1,300,000
- Up to 40% of project costs
- Rates are based on 5 and 10 year U.S. Treasury market rate, plus a premium over the base treasury rate
- 10 year term for machinery & equipment
- 20 year term for commercial real estate
EMDC is a Certified Development Company for the SBA 504, serving the needs of businesses throughout the State of Maine.
For more information
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