The Small Business Administration oversees three core small-business loan programs: SBA 7(a) loans, microloans and SBA 504 loans (also known as CDC/504 loans). The 504 loan program differs from the others in key ways. Namely, 504 loans are designated for large equipment or facility purchases or upgrades, and they cannot be used for working capital…

Kelsey Sheehy writes for NerdWallet. Email: ksheehy@nerdwallet.com.

The article SBA 504 Loans: What Businesses Qualify and How to Apply originally appeared on NerdWallet.

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