SBA 504 loans allow small businesses to finance up to 40% of their real estate and equipment projects through a fixed rate loan that is subordinated to the bank’s participation in the project. For-profit businesses that have a tangible net worth < $15 million as of their last fiscal year end and a 2 year average net income (after taxes) of < $5 million are considered “small” by SBA 504 standards. If the business happens to exceed one of those categories, not to worry. Certain industries (mainly related to manufacturing) have alternate size standard options that focus on the number of employees instead of the size of the company’s financial statements. The best way to find out more about SBA 504 financing is to call Kenetha Hansen at 717.718.7841.