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FEDERAL
SBA 504 Loan Program for Albany Businesses
Long-term fixed-rate financing for major fixed assets through SBA-certified development companies serving Albany.
About this program
The SBA 504 program provides long-term, fixed-rate financing for eligible small businesses purchasing, constructing, or improving major fixed assets such as real estate and equipment. Albany businesses can use the program through certified development companies and participating lenders.
Eligibility
For-profit small businesses meeting SBA size, occupancy, use-of-proceeds, credit, and owner-equity requirements.
Requirements
- Work with a participating lender and certified development company
- Provide business financials, project budget, collateral, and owner equity contribution
- Use proceeds for eligible fixed assets and meet SBA job creation or public policy goals