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To qualify for an SBA 504 Loan, a business is required to:
- operate as a for-profit business entity;
- have a private-sector lender commitment for up to 50% of project cost;
- provide an equity injection of 10 to 20 percent of project cost; and
- create/retain jobs or meet community development or public policy objectives.
If your business qualifies for the benefits of an SBA 504 Loan, please complete and submit this pre-loan application form. A representative from Minnesota Business Finance Corporation will contact you the next business day.
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