No Job Creation? No Problem!

SBA 504 is a business economic development loan program. Economic development doesn’t always mean job creation. Most small business projects involve the creation of jobs; however, some involve a change of ownership, a business that is not labor intensive, or improved technology that eliminates or minimizes the need for employees. These business situations are still eligible for SBA 504 financing if they meet one of SBA’s Public Policy Goals:


Businesses are still eligible with job creation or retention if they meet the following standards:

* 1 Job per $65,000 of 504 Dollars Borrowed OR
* 1 Job per $100,000 of 504 Dollars Borrowed to a Small Manufacturer