SBA 504

The objective of the SBA 504 is to achieve community economic development by providing long-term fixed asset financing to small business concerns. The Bank partners with SBA to provide a two loan financing structure.  Loan proceeds may be used to finance assets such as buildings, land and machinery with a useful life of at least 10 years. The borrower must be the user of the assets in the case of equipment, and the small business concern must occupy 51% of pre-existing purchased real estate and 60% of new construction.

The 504 Program is an excellent venue for financing projects that involve business expansion and job creation. The objective of the SBA 504 Program is to achieve community economic development by providing long-term fixed asset financing to small business concerns. Financing is available for larger real estate projects up to $7,000,000.00. Down payment towards the purchasing of real estate can be as little as 10% to qualified borrowers.

Competitive Rates

Sonoma Bank provides competitive fixed and variable rate loans in conjunction with the fixed rate debenture funded by SBA.

Click here to see a complete list of all commercial real estate loans.