SBA 504 funds

The 504 funds must be used for fixed assets.  Fixed assets include the following:

  • ¬†Purchase land or an existing building
  • Capital improvements and upgrading
  • Street, utilities, parking lots, and landscaping improvements
  • Construction of new, renovating, modernizing, or converting facilities
  • Purchase of long-term equipment

Take a look at your financials and see if you have fixed assets that are in temporary financing instruments. At times businesses might be able to reposition debt by using the 504 program to restructure short term debt into long term.

Hoffman Consulting Group will assist you to assess your business for repositioning debt or if you have a need that is under the 504 program we will assist you with the right advice and the right solutions.

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