Build Your Future with Strategic Financing
The SBA 504 loan program is a powerful tool specifically designed to help small businesses invest in their future by acquiring long-term fixed assets.
With a focus on growth and community job creation, this program provides accessible, long-term, fixed-rate financing. The Cambria County Industrial Development Authority is your trusted partner in navigating the SBA 504 process, helping you secure the capital needed to expand your physical footprint and build lasting success.
Fueling Growth and Job Creation
The core purpose of the SBA 504 loan is to stimulate economic development and create jobs. Unlike other loan programs, it has specific requirements tied to this mission. Businesses must generally create or retain one job for every set amount of funding received. This focus makes the SBA 504 program an ideal fit for growing companies that are looking to hire new employees as they expand their operations, directly linking your business growth to the prosperity of the community.
Targeted Use for Long-Term Assets
SBA 504 loans are specifically intended for major fixed asset purchases. The funds are not used for working capital or inventory, but for significant, long-term investments that anchor a business in the community. Eligible uses include the purchase of existing buildings, the construction of new facilities, or the acquisition of land and land improvements. This targeted approach, which can provide up to 90 percent financing, helps small businesses make foundational investments that might otherwise be out of reach.
Get Professional Guidance
The SBA 504 program has specific eligibility criteria. Only for-profit businesses that meet certain size standards can apply, and there are clear guidelines on how the funds must be used. CCIDA’s role is to help you determine if your project and business are a good fit for the program. We guide you through the application process, help you prepare the necessary documentation, and ensure you meet all requirements, making a complex process straightforward and manageable.
