Gulf Coast Business Finance
SBA 504 Loans
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Loan Programs

SBA 504

SBA financing of up to 40% of total eligible project costs combined with a participating bank’s financing of 50% to enable a business to purchase/construct/renovate a building and/or purchase equipment.

• Advantages of this program over conventional financing are low down payment (usually only 10% of total project costs from borrower), long-term (20 years), and a fixed interest rate on the SBA loan.


Community Advantage

The Community Advantage initiative will provide loans of up to $250,000 to eligible small businesses and will feature a streamlined application process with a loan term of up to ten years. Use of loan funds can include working capital, facility upgrades, purchase of equipment and debt refinance.

  • Program Highlights:
       - Maximum Loan Size: $250,000
       - Interest Rate: Prime + (3 to 6%) variable
       - Terms: 5-10 years, fully amortized
       - No pre-payment penalties
       - No SBA fees on loans below $150,000
  •  Eligible Businesses:
       - For Profit Businesses
       - Must meet SBA’s definition of “small business”
  •  Use of Funds:
       - Working capital
       - Expand or modernize facilities
       - Purchase equipment, furniture, or fixtures
       - Finance increased receivables or inventory
       - Debt refinance
  • Program Details:
      - No minimum credit score; however, borrower(s) must provide an acceptable explanation for any derogatory information.
      - Borrowers are required to pledge available collateral. Insufficient collateral will not preclude borrower from obtaining financing.
      - Loans may not be used for revolving lines of credit; otherwise, funds may be used for any normal business purpose except those specifically prohibited by the SBA.
      - The SBA guarantees a portion of each loan which enables GBF to make loans that may not be available through banks. Applicants must show their ability to repay the full loan amount and meet other guidelines to be eligible for a Community Advantage loan.


The primary advantage of the SBA Community Advantage Loan Program to assist underserved small business owner with their financing needs.
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