504 Loans

About 504 Loans

The 504 Loan Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and large equipment.

Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50% of the project cost, a loan secured with a junior lien from the CDC (backed by a 100% SBA-guaranteed debenture) covering up to 40% of the cost, and a contribution of at least 10% equity from the small business being helped.

Wakarusa Valley Development’s staff works directly with the SBA and private sector lenders to approve the 504 Loan. We prepare all required forms, close and provide all necessary servicing during the entirety of the 504 Loan.

Frequently Asked Questions

504 Interest Rates

25-Year Rate

June5.19%
May5.12%
April4.68%

20-Year Rate

June5.13%
May5.06%
April4.62%

10-Year Rate

June---
May4.93%
April---

* Interest rates may vary

504 Loan Calculator

View our Loan Calculator tool

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