Tap to get financing
SBA 504 Loans
SBA 504 Loans
Loan usesRequirementsDown paymentsRates and costsCalculatorApplication processCompare SBA loansSBA 504 RefinancingApplication ChecklistClosing ChecklistLoan AssumptionFrequently Asked Questions
Requirements Application process Calculator Blog
About
About usContact us
Get financing
Close sba504.loans is an independently owned and operated website and has no government affiliation. We are not the Small Business Administration and are not a lender. If you are trying to reach the SBA click here to be redirected.
Newly Published
Aug 26 at SBA 504 Loans
What Is SBA Form 159?
Aug 26 at SBA 504 Loans
What Is the Small Business Administration?
Aug 26 at SBA 504 Loans
What Is SBA Form 770?
Explore the Janover Network
Mar 27 at Multifamily Loans
Multifamily Minute Reader Reflections: Interest Rate Outlooks
Mar 24 at Multifamily Loans
The Best 3 Multifamily Loans for Affordable Housing in 2023
Mar 20 at Multifamily Loans
Multifamily Minute Reader Reflections: How Will Bank Failures Impact Multifamily?
Was This Article Helpful?
SBA 504 Loan Guide
Last updated on Feb 19, 2023
2 min read

SBA 504 Loans for Medical Centers

More and more, medical centers are appearing where once consumers only had access to individual private practices. Medical centers, whether we’re talking about multi-specialty clinics, urgent care facilities, or something else, offer patients the means to find a wide range of treatments under one ro

Better Financing Starts with More Options Start Your Application and Unlock the Power of Choice. Click Here to Get Quotes →$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1M offered by a Credit Union at 5.1%Click Here to Get Quotes

Can Medical Centers Benefit from SBA 504 Loans?

More and more, medical centers are appearing where once consumers only had access to individual private practices. Medical centers, whether we’re talking about multi-specialty clinics, urgent care facilities, or something else, offer patients the means to find a wide range of treatments under one roof, without having to go to a hospital. The industry is expected to grow by 5.4% in coming years, with $28 billion in revenue in 2018 alone.

With an SBA 504 loan, medical center developers can pay for the land on which the facility will stand, as well as important improvements, such as drainage, paving, parking areas and more. They can also use the funds to build the facility itself, and to invest in necessary equipment. This applies to everything from CT machines to workstations for receptionists. Medical centers seeking to go green can also use 504 loans to reduce their demand on the power grid.

Depending on your needs, though, you may need to also supplement with another loan, such as an SBA 7(a) loan.

We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!

Related Questions

What are the eligibility requirements for SBA 504 loans for medical centers?

The eligibility requirements for SBA 504 loans for medical centers are the same as for any other business. To qualify, the business must be a for-profit, operating in the United States, and meet the SBA's size standards. The business must also be able to demonstrate a need for the loan and have the ability to repay it. Additionally, the business must be able to provide collateral to secure the loan.

For more information on the eligibility requirements for SBA 504 loans, please visit https://www.sba504.loans/sba-504-blog/sba-504-loan-eligibility/.

What are the benefits of SBA 504 loans for medical centers?

SBA 504 loans offer medical centers a number of benefits, including the ability to pay for land, improvements, building construction, and equipment. The loan also offers lower interest rates than SBA 7(a) loans and a slightly larger maximum loan amount, at $5.5 million. SBA 504 loans can also be used to reduce a medical center's demand on the power grid.

What are the terms and conditions of SBA 504 loans for medical centers?

SBA 504 loans are a great option for medical centers looking for commercial real estate financing. The loan offers a maximum loan amount of $5.5 million and lower interest rates than SBA 7(a) loans. The loan can be used to pay for the land on which the facility will stand, as well as important improvements, such as drainage, paving, parking areas and more. It can also be used to build the facility itself, and to invest in necessary equipment. This applies to everything from CT machines to workstations for receptionists. Medical centers seeking to go green can also use 504 loans to reduce their demand on the power grid.

In order to qualify for an SBA 504 loan, the borrower must meet the following criteria:

  • The borrower must be a for-profit business
  • The borrower must be operating for profit
  • The borrower must have a tangible net worth of less than $15 million
  • The borrower must have an average net income of less than $5 million after taxes for the past two years
  • The borrower must use the loan for a business purpose
  • The borrower must occupy at least 51% of the project

For more information on SBA 504 loans, please visit https://sba504.loans.

How can medical centers apply for SBA 504 loans?

Medical centers can apply for SBA 504 loans to pay for the land on which the facility will stand, as well as important improvements, such as drainage, paving, parking areas and more. They can also use the funds to build the facility itself, and to invest in necessary equipment. This applies to everything from CT machines to workstations for receptionists. Medical centers seeking to go green can also use 504 loans to reduce their demand on the power grid.

The SBA 504 loan offers somewhat lower interest rates than SBA 7(a) loans and a slightly larger maximum loan amount, at $5.5 million.

To apply for an SBA 504 loan, you can fill out the form on this page for a risk-free consultation and a free SBA loan quote.

What are the advantages of SBA 504 loans for medical centers compared to other financing options?

SBA 504 loans offer medical centers a number of advantages compared to other financing options. These include lower interest rates than SBA 7(a) loans, a slightly larger maximum loan amount of $5.5 million, and the ability to use the funds to pay for land, improvements, building the facility, and investing in necessary equipment. Additionally, medical centers can use 504 loans to reduce their demand on the power grid. SBA 504 loans may be a better option for larger medical centers than SBA 7(a) loans.

Tags
  • SBA 504 Loan
  • SBA 504 Loans
  • SBA 504 Loans Medical Centers

Getting a small business loan should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →
Janover logo

SBA 504 Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

Janover Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

[email protected]

Site Information

Privacy Policy
Terms of Use

This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We are a technology company that uses software and experience to bring lenders and borrowers together.

All users should perform their own due diligence and research. Nothing on this website is an offer or a solicitation for a loan. This website does not endorse or charge you for any service or product. None of the information on this site constitutes legal advice. We are not affiliated with the Small Business Administration (SBA). If you need to visit the SBA directly please click here: sba.gov

Click here for our Advertiser Disclosure.

Copyright © 2023 Janover Inc. All rights reserved.