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SBA Changes Name of 504 Loan Program to Real Estate Advantage Loan Program (REAL)

February 20, 2014

What's in a Name?

The new name identifies better with the CDC/504 loan for its eligible uses of major fixed assets, like real estate. Borrowers and bank lenders should keep in mind however, that the REAL Program can also be used to finance machinery and equipment. For eligibility questions contact CMDC loan officers today.   

Real Estate AND Equipment Are Eligible for REAL Financing

Eligible projects costs for SBA 504 / REAL Program are limited to

  • Land | Site Improvements | Facility: Acquisition, Conversion, Expansion, Renovation, New Construction
  • Machinery and Equipment: Acquisition and installation

Learn more about the SBA 504 Loan/REAL Program

Have Questions About SBA 504/REAL Program Financing for Real Estate or Equipment?

Our loan officers are experts in small business financing. We help business owners and lenders with SBA loans as well as other local and federal financing options. If you have questions regarding an existing loan, acquiring financing for your business, or are a lender with questions about SBA loans we can help. Call us at 763.784.3337 or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.

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