small business

SBA 504 Loan Financing & Rates

Financing what you need for business.

Let the crew at Wasatch Peaks Credit Union make your small business dreams more tangible than ever with competitive SBA 504 loans that combine affordability with accessibility.

SBA 504 Loan Features

  • Access to financing that supports the growth of your company
  • High loan-to-cost financing
  • Long term loan amortizations that save more per month
  • Money for major assets such as furniture and equipment
  • Pay for land, buildings, and expansion projects
  • Competitive, fixed, below-market interest rates

SBA 504 Loan Frequently Asked Questions

  • Q: How can an SBA 504 loan be used?

    A: SBA 504 loans may be used for any number of long-term, fixed-asset financing projects, including expanding or modernizing real estate, purchasing large equipment, or buying big-ticket items needed for the long run.

  • Q: What is the maximum amount of money that a business can apply for?

    A: Eligible applicants may apply for an SBA 504 loan maximum of $5 million. However, applicants within certain industries or fields may qualify for multiple SBA 504 loans that amount up to $5.5 million. Please speak with a Wasatch Peaks Credit Union representative about your options.

  • Q: What are the SBA 504 eligibility requirements?

    A: To apply for an SBA 504 loan, you must meet several requirements, including:

    • United States citizenship
    • Property that is owner-occupied or held by eligible passive companies
    • Presenting a project that promotes economic development
    • Owning a for-profit business
    • Presenting a project costing at least $125,000

    Check out the SBA’s 504 loan eligibility worksheet to find out more.

Any of our branch or phone representatives will be happy to help you get started!

Please visit a branch near you, give us a call at 801-452-7885, or click below to get started.


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