TPRDC Small Business Administraion (SBA) 504 Loan

The U.S. Small Business Administration's (SBA) 504 Loan Program enables expanding businesses or business start-ups to secure long-term, fixed-rate financing for major fixed assets, such as land and buildings through loans made by TPRDC.

The program is designed to enable small businesses to create and retain jobs; SBA requires TPRDC to document the small businesses job creation/retention and meet the standard of one job created or retained for every $50,000 of loan proceeds provided to the small business by TPRDC. This requirement is waived for loans meeting public policy goals.

The maximum TPRDC loan amount is generally $1.5 million (up to $2 million for public policy projects and up to $4 million for small manufacturers).

Click here to download the SBA 504 brochure and learn more>