The Secret to Financing Multiple SBA 504 Projects
Business owners who qualify for SBA 504 financing may be eligible for multiple SBA 2nd mortgages of up to $5.5 million per 504 green friendly project; however, the outstanding gross
debentures issued for a small business concern, including its affiliates, must not exceed $16.5 million in the aggregate. These amounts are NOT reduced by any other outstanding SBA financing
(7a, Community Advantage, regular 504).
Additionally, there is no limit on the amount of the 1st mortgage of a 504 project and therefore no maximum project size. In many cases, qualified borrowers with projects exceeding $20
million can still obtain up to 90% financing.