Posts tagged SBA 504 Owner-Occupied
Can I Use an SBA 504 Loan for an Online Business?

The Internet has revolutionized almost every industry. There are very few segments of the economy that have not been affected at least somewhat by the advent of the Internet, and many segments have seen the rise of “online only” businesses. Of course, this is something of a misnomer. The businesses not truly online only. All businesses have a physical presence somewhere, even if there is no way for customers to walk into a brick and mortar storefront. So, when it comes time for your online business to purchase real estate or heavy equipment, an SBA 504 loan could be a great way to fund your purchase.

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Can I Use an SBA 504 Loan to Invest in Real Estate?

In contrast to other business loans, including other SBA loans, the SBA 504 loan program is specifically geared to help small businesses purchase real estate of all types. This could be an existing building, or it could be empty land and funds for construction of the property. This focus naturally makes you wonder if it is possible to use a 504 loan to invest in real estate. The short answer here is that, no, it is not possible. However, there are certain exceptions that you should know about.

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