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504 Loan Fund Uses

The 504 Loan must be used for fixed asset projects such as:

  • Purchasing Existing Buildings
  • Purchasing Land and Land Improvements such as grading, street improvements, utilities, parking lots, and landscaping
  • Construction
  • Modernizing, Renovating or Converting Existing Facilities
  • Purchasing Machinery and Equipment that will have a useful life of at least 10 years
  • Financing a Construction Contingency Fund
  • Paying Professional Fees Directly Attributable to the project, such as surveying, engineering, architect, appraisal, legal and accounting fees
504 Loan Warning  WARNING 
  The 504 Loan cannot be used for working capital or inventory, short-term needs, consolidating or repaying debt, refinancing, or financing a plant not located in the U.S.