Customized SBA Loans for Richmond, VA Businesses

504 Capital helps Richmond owners buy, build, or upgrade space with SBA 504 financing that lowers equity and locks in long-term, fixed-rate financing. We align structure with your lending partner, package to SBA standards, keep the process moving, and service your 504 loan for the full term.

How we tailor to Richmond projects

  • Practical structures for builds, renovations, and expansions common across the Richmond market.
  • Coordination with local banks, appraisers, environmental, and title teams to keep closing on schedule.
  • Clear checklists and early terms so you can model cash flow and hiring with confidence.
  • A single point of contact to resolve questions quickly and keep your file on track.
City skyline view of Richmond, Virginia

SBA 504 Loan Benefits

The SBA 504 loan helps Richmond companies buy or improve space and equipment with steady, affordable terms.

  • Fixed-rate financing with 10-, 20-, or 25-year terms.
  • Lower equity than many conventional loans, often about 10% with a first-lien partner.
  • Up to 90% financing on eligible projects, with common soft costs included.
  • Option to refinance qualified fixed-asset debt to stabilize monthly payments.

SBA 504 Loan Eligibility Requirements

Program rules center on small-business status and owner use of fixed assets in the Richmond area.

  • For-profit U.S. small business that meets SBA size standards.
  • Owner-occupied real estate or heavy-duty equipment; typical occupancy is 51% for existing buildings and 60% for new construction.
  • Documented equity and acceptable credit.
  • Refinance eligible when debt is at least 6 months old, was used for fixed assets, and shows a solid payment history.
Loan eligibility requirements for SBA 504 financing

Richmond SBA 504 FAQs

No. 504 Capital can work with your bank or connect you with a local lending partner.

Owner-occupied real estate, renovation/expansion, heavy-duty machinery and equipment, and eligible refinance. Examples include: buying or building a clinic/office/industrial space; upgrading an existing owner-occupied facility; or financing CNC/packaging lines with a long useful life.

The rate on the SBA 504 loan is fixed for 10, 20, or 25 years and is set at funding. The first-lien rate and term come from the lending partner.