SBA 504 Loans. Made for Your Small Business.

Our SBA 504 loan program is made for your small business. It’s specifically designed to help start-up businesses thrive, expand existing businesses and create new jobs. This is done by providing long-term, low down payment, reasonably priced fixed-rate loans to businesses which have the highest probability of successfully creating new jobs and competing in the world marketplace.

SBA 504 Loan Structure

  • 50% qualified lender in 1st lien position
  • 40% SBA 504 in 2nd lien position
  • 10% equity injection
  • New business or special purpose building will require 15 percent equity injection
  • New business and special purpose building will require 20 percent equity injection

Learn more about the benefits of using SBA 504 loans for your small business.


Commonly Used Forms

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Success Stories: Duane Smith Canvasworks

Minnesota Business Finance Corporation (MBFC) is honored to present Duane Smith, President of Duane Smith Canvasworks, MBFC’s VetLoan Advantage rebate check for $3,000. MBFC is the only Certified Development Company in Minnesota to offer a rebate to business owners that are active or retired members of military service. Duane Smith started…

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