SBA 504 Construction Loan Down Payments: How Much Do You Need?

504capital30 Mar, 2023Finance

Like many other kinds of loans, SBA 504 loans have a down payment requirement. Whether equipment, construction, factory-grade machinery, heavy equipment, or owner-occupied real estate updates, SBA 504 loans provide growing businesses with long-term, fixed-rate financing of up to $5 million. If you’re considering an SBA 504 loan for your next big construction project, it’s important to understand how much you need to contribute. Luckily, SBA 504 loans only require a 10% down payment; let’s break down the details.