The Business Ownership Show

Types of Businesses Eligible for an SBA 504 Construction Loan


Listen Later

An SBA 504 construction loan is available for businesses that are owner-occupied and meet the eligibility criteria for property and business types.

Some industries, such as real estate development and gambling entities, are not eligible. Eligible businesses range from athletic facilities to warehouses.

The occupancy requirement for new construction is at least 60%, while for existing buildings, it is at least 51%. The SBA also recommends occupying 80% within the first 10 years. However, it is unclear how this is tracked.

If you'd like to meet with Beau to talk financing, book a call here
http://bookwithbeau.com/ )

...more
View all episodesView all episodes
Download on the App Store

The Business Ownership ShowBy Beau Eckstein

  • 5
  • 5
  • 5
  • 5
  • 5

5

10 ratings


More shows like The Business Ownership Show

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,788 Listeners

My SBA Loan Pro Podcast by Ryan Smith

My SBA Loan Pro Podcast

10 Listeners

Business Buying Masterclass Podcast by The nuts and bolts of buying and selling a small business!

Business Buying Masterclass Podcast

14 Listeners