A New Twist On the 504 Program
In April, SBA Administrator Linda McMahon announced that the U.S. Small Business Administration is offering a 504 Loan and the Debenture that funds it with a 25-year maturity. A 25-year Debenture is a new threshold for the SBA. The new 504 Loan term complements the 10- and 20-year 504 Loan and Debenture that have been available since 1986. This new 25-year Debenture will be made available for 504 Projects that are approved on or after April 4, 2018.