Eligibility for a 504 Loan
Eligibility for a 504 loan requires, in addition to the general
eligibility requirements for a SBA Section 7(a) loan, that the small
business must do all of the following:
- Be a for-profit corporation, partnership,
or sole proprietorship.
- Have a net worth of less than $7 million dollars.
- Show after-tax profits during the last two years that averaged less than
$2.5 million dollars.