Unacceptable Uses for the 504 Loan
The 504 Loan cannot be used for:
- Working Capital
- Debt Refinancing (except eligible interim loan)
- Counseling Fees
- Incorporation/Organization Costs
- Commitment and Origination Fees on Permanent Financing; Finance Broker Fees
- Franchise Fees
- Short Lived Equipment unless an Integral Part of the Project
- Venture Capital
However, Alacom Finance can partner the 504 Loan with a 7(a) Loan, which
may be used for any legitimate business purpose
