14 Billion+ Total Projects Approved
Fast and Efficient SBA 504 Lending
FBDC has helped more businesses obtain SBA 504 loans than any other provider in the region.
Trusted By Lenders Across The Southeast
Learn more about how it works
The how, who and what of SBA 504 Loans
How does it work?
10%
Downpayment
50%
Bank Lends
40%
FBDC Lends
Who can get one?
For-profit businesses in the U.S.
Business net worth under $20 million
Business net profit under $6.5 million
What can you use it for?
Buying a building for your business
Renovating your current business property
Purchasing heavy equipment or machinery
Main benefits
Low Down Payment
As low as 10%
Fixed Interest Rates
Won't Increase
Long Repayment Terms
Up to 25 Years
Keeps Cash Available
For Other Needs
The Difference
Why choose us for your lending needs?
Certainty
We ensure your confidence with reliable support and expert guidance, backed by over three decades of experience.
Speed
We pride ourselves on quick, efficient processes, ensuring you receive necessary financing without delays.
Service
We will support you from the beginning stages at application through the life of your loan. Service is the foundation of our organization – our team cares.
Your Trusted Partner
Secure Your Business Loan with Confidence Today
With over 35 years of expertise, FBDC is your trusted partner for small business financing. Our streamlined process ensures you get the funds you need quickly and efficiently. Experience the peace of mind that comes with working with Florida's premier 504 lender.
Speak to a Loan Officer
Financing Structure
The typical SBA 504 Loan structure is as follows:
50% lenders note, 40% SBA 504 note and 10% borrower contribution.
50% lenders note, 40% SBA 504 note and 10% borrower contribution.
SBA 504 Loan
Structure
Structure
Bank or Credit Union - 50%
CDC / SBA 504 - 40%
Borrower Contribution - 10%
July 2025 Rates
6.377%
25-Year Debentures
6.406%
25-Year Refi
6.397%
20-Year Debentures
6.420%
20-Year Refi
6.190%
10-Year Debentures
6.226%
10-Year Refi
Benefits of the SBA 504 Loan
For Borrowers
Low Down Payment
as little as 10% of project to preserve working capital
Finance up to 90% of the project
at a long-term, fixed-rate, below market financing
Commercial Debt refinancing
available
Speak to a Business Development Officer
For Lenders
Strengthen lender loan portfolio
with 1st lien position and low loan-to-value
Preserve borrower's
working capital
Fixed interest rate helps you
compete for more business
Offers creative financing to differentiate
your lending institution in the marketplace
Partner With Us
A comprehensive array of programs to meet your needs
SBA 504 Loan Program
The SBA 504 Loan Program offers long-term, fixed-rate financing for small businesses to purchase land, buildings, and equipment at competitive rates.
Loan Refinancing
The new SBA 504 Refinance Program gives small business owners more options to refinance their commercial real estate loans and potentially obtain cash back.
FBDC 504 Velocity Bridge Loan Program
The FBDC 504 Velocity Bridge Loan Program provides bridge loans to minimize risks for banks and third-party lenders in SBA 504 projects, ensuring efficient project completion.
VetLoan Advantage Plus
At FBDC, we're committed to helping veterans and their spouses access affordable financing for their small businesses.
Direct Lending
Our Direct Lending programs offer financing solutions for small businesses, with loans from $50,000 to $400,000.
FBDC Facts
Making waves with our successes and achievements
Updated as of September 30, 2024
14B+
in total 504 projects approved.
76K+
in total estimated job creation.
Who We Are
Meet the experts behind your success
Since 1989, the Florida Business Development Corporation (FBDC) has been dedicated to the success of Florida small businesses. These are the experts who make that happen.
Bill Habermeyer
President & CEO
Bob Zinkil
Executive V.P & COO
Mark Mayhew
Executive V.P & Chief Lending Officer
Testimonials
Client Successes That Speak Volumes
Frequently Asked Questions
Whether you're curious about our loan programs, general information, or application specific faqs, we've got you covered.
General Information
What is an SBA 504 loan?
A loan for businesses to purchase real estate, heavy machinery, or equipment.
Why a SBA 504 loan instead of a commercial loan? What are the advantages?
- Down payment as low as 10%
- Long term, fixed rate financing
- Terms of 10, 20 or 25 years
Why Florida Business Development?
Our team provides seamless processes from application to closing – giving our customers the certainty, speed and service they deserve
What can I use a SBA 504 loan for?
- Funds can be used as follows:
- Purchase of land
- Purchase of Building
- New Building Construction
- Purchase of machinery and equipment with 10-year useful life
- Modernize, renovate or improve building
- Soft Costs
- Purchase of land
- REFINANCE
- Existing Commercial Real Estate Debt
- Existing Machinery and Equipment Debt
- Other eligible business debt
- Existing Commercial Real Estate Debt
Who is eligible for an SBA 504 loan?
For-profit businesses with a tangible net worth not to exceed $20 million and a net profit not to exceed $6.5 million (after taxes).
Who is ineligible for an SBA 504 loan?
Ineligible borrowers include non-profits, lending institutions, and insurance companies, as well as borrowers affiliated with speculative development, gambling concerns and private clubs.
What are ineligible use of funds?
Ineligible use of funds includes working capital, inventory, rolling stock, broker fees and bank attorney fees.
Still have questions?
Can’t find the answer you’re looking for? Get in touch with a loan officer today who can help!
Connect & Speak to a Loan Officer Today
Let's connect and see how we can help you and your business grow today!
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