SBA 504
Long-term, fixed-rate financing for owner-occupied commercial real estate and major equipment — structured across a lender and a Certified Development Company, with a smaller owner injection than most conventional routes.
What it takes to
get started.
The operating business occupies the property
Two to three years of financials
An owner injection you can document
Everything the file
will ask for.
Gather what you can before you apply — the desk works the rest with you. Nothing here is a surprise later.
Stage 1 — To pre-qualify
- Legal business name, EIN, entity type, industry and what the business does
- Date established and time under current ownership
- Last 2–3 years of gross revenue and net income, plus year-to-date
- Every owner at 20% or more: ownership, FICO, citizenship, experience, liquidity
- Total project cost, your injection, and where the injection comes from
- Whether the operating business will occupy at least 51% of an existing building — 60% for new construction
Stage 2 — To underwrite
- SBA Form 1919 and SBA Form 413 for each 20%+ owner
- 3 years of business tax returns, all pages and schedules
- Year-end P&L and balance sheet for the prior 2 years, plus interim statements dated within 90 days
- Business debt schedule, AR and AP aging
- 3 years of personal tax returns per owner
- Entity documents: Articles, Operating Agreement, EIN letter, Certificate of Good Standing
- Purchase contract, environmental questionnaire, and appraisal access on the property
Screen these before you submit
If a file hits one of these, say so upfront. It doesn't always end the conversation — but finding out late does.
- The operating business will not occupy enough of the building
- Passive real estate investment or a landlord-only entity
- Non-profits
- Unresolved prior default on federal debt
- No documented owner injection
- An owner without lawful US citizenship or permanent residency
Send us the file.
We'll tell you straight.
Capova Capital LLC. Business-purpose financing only — this is not a consumer loan, and it may not be used for a primary residence except where secured business-purpose lending permits. This is not a commitment to lend. Loan amounts, rates, leverage, and funding timelines are estimates, vary by file, and are subject to full underwriting.