SBA 504 Eligibility

Land acquisition
Site improvements
Existing building expansion or renovation
New construction
Equipment acquisition and installation
Associated costs such as title insurance fees, legal fees, appraisals, environmental reports, architects fees, surveys, points on bridge loans, furniture and fixtures, etc.
Refinancing - Limited debt refinancing is permitted but must involve a business expansion where the refinance may not exceed 50% of the project costs. (other restrictions apply)

Must be a for-profit entity.
Size Standard: Business net worth cannot exceed $8.5 million and average net profit (after taxes) for 2 years not to exceed $3 million. The business can meet other SBA size standards based on either number of employees or annual revenue, dependent upon the industry.
Citizenship Requirement: The business owner(s) must be U.S Citizen(s) or resident alien(s) with permanent resident status.
Occupancy Requirement: The business must intend to occupy at least 51% of an existing structure or at least 60% of a newly constructed building and permanently 80% of a newly constructed building.
Job Requirement: The small business must meet the job creation/retention requirement or qualify for a waiver. The general requirement is one job per $65,000 in funding for typical 504 loans, or $100,000 for small manufacturers or those projects that meet any of the SBA's public policy goals. (Job waivers are attainable).