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Updated over 4 years ago, 04/28/2020

User Stats

93
Posts
24
Votes
Daniel Lioz
  • Houston, TX
24
Votes |
93
Posts

Are banks still doing SBA 504 loans?

Daniel Lioz
  • Houston, TX
Posted

In today's COVID-19 environment and banks processing the SBA PPP loans left and right to support the economy, are banks still doing the SBA 504 loans?  I noticed recently that 504 loans are going for 3% or under for 20 to 25 years, which is almost unheard of.  With 90% down for something like self storage or equipment loans, it is pretty much free money after inflation.  Anyone has experience with this recently or any bankers here that are still working with this right now?  What are your thoughts?

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