Eligibility Guidelines for Commercial Real Estate Loan
Eligibility Criteria For a 504 Commercial Real Estate Loan.
- Owner Occupied – owner must occupy at least 51% for an existing building or 60% for new building construction
- Located in California, Nevada or Arizona
- Loan used to buy, construct, improve or refinance a commercial building OR the purchase and installation of heavy machinery or equipment
- Must be owner-operated business
- Must be for profit business
- Equipment must have 10-year economic life
- Have net worth no greater than $15 million and net profit after taxes below $5 million in the last two operating years
- Applicants must be of good character and therefore cannot currently be on parole or probation


