LOAN AMOUNT (UP TO):
-
Loan amounts range from $25,000 – $5.5 Million
DESCRIPTION:
- The SBA 504 Loan Program helps small business owners purchase real estate or equipment at a below-market interest rate. Loans through the 504 Program also allow borrowers to contribute a lower down payment, often just 10-15% down plus this program offers a fixed rate for 10, 20, or 25 years. Loan amounts range from $25,000 – $5.5 Million.
NOTE:
- There are 4 SBA 504 lenders in ND:
- Dakota Business Lending
- Lake Agassiz Development Group
- Lewis & Clark Development Group
- Minnesota Business Finance Corporation
- Rates are updated monthly: SBA 504 Interest Rates | Dakota Business Lending