504 LOANS FINANCE
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Billion Financed in Illinois
Jobs Created or Retained for Illinois
Cost of the Program to Taxpayers
The Results of the 504 Are Amazing
The 504 Loan Program is the U.S. Small Business Administration’s (SBA) most successful economic development tool. It promotes economic development by providing long-term, fixed rate financing to healthy expanding businesses that have the highest probability of increasing productivity, creating new jobs, and successfully competing in their market.
The 504 program makes growth a viable option for small businesses, creating new employment opportunities for the community which otherwise wouldn’t be available. The 504 also offers additional funding to businesses meeting public policy goals such as women, minority, or veteran ownership.
The objectives of SBA’s 504 Loan Program are quite simple: promote economic development, increase job creation and contribute to the growth and expansion of small businesses.