What can the SBA 504 be used for?

Eligible projects: The SBA portion of these 504 financing packages may be used for the following fixed-asset projects:

Real Estate acquisition, construction, renovation or expansion, including the purchase of land.
Land and site improvements, including grading, streets, parking lots, utilities or landscaping.
Purchase and installation of new or used machinery and equipment.
Interest on interim financing.
Professional fees directly attributable and essential to the project such as surveying, engineering, architectural or legal.
Business acquisition or partner buyout of the above uses may be eligible.
Limited debt refinance with expansion.
Straight refinance of commercial real estate, eligible fixed assets and cash out for business operating expenses.
*interest rate for straight refinance is .027% higher than the posted 504 rates