The SBA 504 Loan is a type of loan program that is offered by the U.S. Small Business Administration (SBA) via a Certified Development Company (CDC) to help small businesses purchase real estate and equipment. This loan program provides long-term, fixed-rate financing that can be used for a variety of business expenses, including land, buildings, and major equipment purchases.

The key benefit of an SBA 504 loan is that it allows small business owners to obtain financing with a lower down payment and longer repayment terms compared to traditional commercial loans. Additionally, the interest rates on SBA 504 loans are typically lower than other commercial loans, which can result in significant cost savings for small businesses.

Overall, an SBA 504 loan from Wasatch Business Finance (your Utah CDC) can be a great option for small business owners looking to acquire commercial real estate or equipment while minimizing their upfront costs and securing favorable financing terms.