SBA 504 Loan Interest Rates

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March 2024

25-Year Fixed Rate Standard:

25-Year Fixed Rate Refinance:

20-Year Fixed Rate Standard:

20-Year Fixed Rate Refinance:

10-Year Fixed Rate Standard:

10-Year Fixed Rate Refinance:

Official monthly SBA 504 effective interest rate tables can be found at Eagle Compliance LLC. 25- and 20-year term loans fund every month; 10-year term loans fund every other month. Effective interest rates are inclusive of servicing fees, which are subject to credit risk of the applicant.

Servicing the States of Alabama, Florida, and Georgia.

SBA 504 Machinery & Equipment Loans

Whether You’re Purchasing New or Used Fixed Heavy Duty Machinery & Equipment, We Can Help Your Small Business Grow.

Many small businesses and manufacturers don’t know this, but heavy duty fixed machinery and equipment can be financed under the SBA 504 Loan Program either as a stand alone project or as part of a real estate transaction. Other than justifying economic lifespan, a 504 machinery and equipment loan is no different from any other 504 loan.

Benefits of a 504 Machinery & Equipment Loan

  • Up to 90% financing at below-market, fixed interest rates – No future interest rate fluctuations.
  • Low down payment conserves valuable working capital.
  • 10-, 20- and 25-year amortization terms are available (based on useful life declaration from manufacturer or appraiser).
  • Associated fees and soft costs can be financed in the loan minimizing out-of-pocket costs.
  • Loan amounts: up to $5 million of aggregate SBA eligibility on standard and public policy 504 projects; up to $5.5 million per 504 project involving small manufacturers with no limit on the total SBA dollars available; and up to $5.5 million per 504 energy efficient green project not exceed $16.5 million in the aggregate. (NOTE: SBA loan amounts only; there is no limit on overall project size.)
  • Total projects from $125,000 to $20 million+.

Eligible Uses of Proceeds

  • Purchase of new or used long-life machinery and equipment (must be fixed – no rolling stock).
  • Installation of new or used long-life machinery and equipment.
  • Examples include heavy and highly calibrated machines, manufacturing equipment, printing equipment, commercial laundry equipment and equipment that generates renewable energy or fuels, just to name a few. Contact a Florida First Capital 504 loan expert for specific details.

NOTE: 504 loan proceeds may not be used to finance working capital.  Please see the Rebuild Florida Business Loan Fund.

Explore Your Small Business Loan Possibilities