About

The 504 Loan Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and large equipment.

Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50% of the project cost, a loan secured with a junior lien from the CDC (backed by a 100% SBA-guaranteed debenture) covering up to 40% of the cost, and a contribution of at least 10% equity from the small business being helped.

Wakarusa Valley Development’s staff works directly with the SBA and private sector lenders to approve the 504 Loan. We prepare all required forms, close and provide all necessary servicing during the entirety of the 504 Loan.

504 Interest Rates

20 Year Rates

June 4.60%
May 4.67%
April 4.63%

10 Year Rates

May 4.51%
March 4.82%
November 4.60%

* Interest rates may vary.

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