Small Business 504 Program:

The Small Business Association 504 program allows a small business owner to purchase a long term fixed asset (for example: land, buildings and/or machinery) to be 51% or greater occupied by the business with as little as 10% down. United Citizens Bank & Trust can lend 50% and the SBA will lend 40% at a low fixed rate of interest for up to 20 years. The maximum SBA 504 loan is $1.5 million. Therefore, you could be looking at a transaction as high as $3.75 million. The borrower enjoys long term, fixed rate financing, and the interest rates are very competitive. Long term purchases of machinery and equipment can also be included.