SBA 504 Loans for Bed and Breakfasts

While hotels, motels, and even resorts offer the chance to enjoy comfortable accommodations, bed and breakfasts fill a unique niche. The demand for these businesses is borne out by the fact that this segment has grown at a fast clip of 5.4% a year since 2013, and is expected to generate a record $3 billion in 2018. And, if you want to expand your current bed and breakfast, or even open another location, an SBA 504 loan could be a great way to get the financing you need.

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SBA 504 Loans for Trucking and Transport Companies

Once upon a time, America ran on railroads. While they do still play a vital role in the transportation industry, trucking companies are now the backbone of the nation. For those looking to get into the trucking and transportation sector, there has never been a better time. With $195 billion in revenue for 2018 in the long-haul segment alone, there is immense demand for trucking services throughout the United States.

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SBA 504 Loans for Plumbers

Skilled professionals like plumbers, electricians, carpenters, roofers, and mechanics all form the backbone of America. And, as the housing boom continues, plumbers find themselves in higher and higher demand. In fact, the plumbing industry has grown at an aggressive 4% since 2013, and today generates an incredible $106 billion per year in revenue.

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SBA 504 Loans for HVAC Companies

From homes and businesses to medical facilities and government offices, heating and cooling is vital for everyone. As as a result, the HVAC industry is booming, with 113,490 businesses nationwide, and a growth rate of almost 3% between 2013 and 2018. Plus, revenues are incredibly high: the HVAC industry as a whole generated a staggering $93 billion in 2018 alone.

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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 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.

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SBA 504 Loans for Dental Offices

Dentists have never been in higher demand than today. With increasing access to dental insurance and a better understanding of what constitutes good oral health, consumers have become greatly interested in taking care of their teeth, from whitening treatments to crowns. The industry is expected to enjoy $134 billion in revenue in 2018 due to that demand.

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SBA 504 Loans for Medical Offices

The medical industry is one of the fastest-growing in the nation when taken as a whole, which means that now is an excellent time to build your own medical office. The industry is expected to grow by 2.4% in 2018, with total revenue of $284.4 billion. An SBA 504 loan can allow you to break ground on your new office and begin serving patients.

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SBA 504 Loans for Car Washes

In many areas of the country, new car washes are being constructed at a frenetic pace. Older car washes are being retrofitted with new equipment and new façades to attract customers. With an expected annual revenue of $11 billion and a growing number of businesses, this is an excellent niche for an aspiring business owner. So, whether you want to open a new location for your car wash business or simply expand your current one, an SBA 504 loan can help you achieve your goals.

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SBA 504 Loans for Car Dealerships

Thinking about building a new car dealership? Now is a great time to get into this segment of the auto industry. Up to 3.9% growth is expected by the end of 2018, with total revenue for the year approaching $100 billion. Employment is also expected to rise. Funding a new dealership, whether you’re thinking about a new car dealer or a used car dealership, can be tricky, though. Fortunately, however, SBA 504 loan can help.

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SBA 504 Loans for Convenience Stores

Convenience stores, especially those set us as a gas station with a store attached that sells food, beverages, and sundries, have experienced a major surge in popularity in the US. Major chains like RaceTrac, QuikTrip, Wawa and others are expanding throughout the country, while competing with newer chains, franchises, and single-location convenience stores.

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SBA 504 Loans for Nursing Homes

Nursing homes fall into the wider retirement communities segment of the economy, which continues to see significant growth and development. It is expected to generate $69 billion in 2018 alone, and there are currently almost 46,000 retirement communities within the United States. This makes nursing homes excellent candidates for the SBA 504 loan program.

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Can Assisted Living Facilities Use SBA 504 Loans?

Yes, assisted living facilities can make use of SBA 504 loans. In fact, these facilities are a prime example of an almost perfect fit. The demand for assisted living, memory care, and other age-related care facilities is growing exponentially as Baby Boomers age out. In fact, total revenue for the sector is expected to reach $69 billion in 2018, and the segment has grown 3.6% since 2013.

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SBA 504 Loans for Hotels

Can you take out a 504 loan for a hotel? Yes, you can! With $194 billion in revenue in 2018, the industry has grown by 4.4% since 2013. These loans are focused on growth and development, so if your hotel is expanding, or you’re adding additional equipment, renovating rooms, or otherwise building a better business, you can consider this source of funding.

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SBA 504 Eligibility: What You Need to Know

In order to take out an SBA 504 loan, your business must be eligible for the program. The eligibility requirements are pretty simple, though. In order to qualify, businesses must be for-profit enterprises, must not be above a certain size, and cannot be in engaged or involved in certain industries, such as lending money, gambling, speculation, or illegal activities.

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