About The 504 Company
The 504 Company is a not-for-profit corporation established in 1981. The 504 Company is authorized by the U.S. Small Business Administration (SBA) to provide the SBA 504 loan throughout New York, Pennsylvania and New Jersey. As a national leader in loan approvals for this program, we are the only certified development company that actively markets the program throughout these three states.
The 504 Company also administers the SBA Community Advantage program nationally. This program is designed to provide small businesses, ranging from start-ups to seasoned businesses in underserved markets, with more flexible access to capital.
Our mission is to promote economic development and jobs creation by providing long-term, affordably priced financing to small businesses. In addition to processing loans we provide training, service and support consistent with a partnership committed to facilitate access to capital to small business.
Our Loan Programs:
The 504 Company works to provide unique and diverse loan products to help make financing available for your business’s needs.
The SBA 504 Loan Program features low fixed interest rates and minimal down payments, with amounts up to $5.5 million. Proceeds can be used to acquire/improved real estate, purchase equipment or machinery, or refinance debt and eligible business expenses.
SBA Community Advantage Loan Programs feature competetive variable interest rates, with loan amounts up to $250,000. Basic uses include working capital, equipment purchases, real estate acquisition/improvement, and debt refinance.
Our staff is committed to not only helping provide affordable capital, but also working to educate businesses about how to grow and expand successfully.