SBA 504


The SBA 504 is designed for small businesses that want to invest in expansion but still maintain cash for working capital. As such, it provides fixed, below-market interest rates with longer loan term options and lower down payment requirements.

SBA 504 loans are provided in conjunction with a bank or other primary lender, financing up to 40% of the total cost of commercial real estate projects and equipment purchases. These features are ideal for a wide range of businesses, even if they already qualify for a conventional loan.

Borrower Spotlight: Drake Dance Academy, LLC

Website: https://www.drakedanceacademy.com Location: Dublin County: Franklin Lending Partner: Park National Bank Drake Dance Academy, LLC is a dance academy formed in 2016 and located in Dublin, Ohio. It is 100% owned by its founder Morgan Drake Foster and is run by Morgan and her husband Andrew Foster. The company began in 2016 with 23 students […]

Borrower Spotlight: LehmanMD

Website: https://www.drakedanceacademy.com Location: Dublin County: Franklin Lending Partner: Park National Bank LehmanMD is a concierge style medical practice in Columbus, OH, providing primary care for adults and children as well as consultative services for Breastfeeding and Lactation Medicine, Perinatal Mental Health, and Obesity Management. The practice was founded by Dr. Kristina Lehman in 2022. Their […]

Borrower Spotlight: Ohio Glass and Aluminum Company

Website: https://www.ohioglass.com Location: Marysville County: Union Lending Partner: Heartland Bank, a division of German American Bank Ohio Glass and Aluminum Company, a commercial full-line glazing contractor that serves the central Ohio market, is a family-owned business with roots dating back to 1915. It was established in 1990 through the purchase of Ohio Plate Glass Company […]

Borrower Spotlight: Modo Yoga

Website: https://modoyoga.com/columbus/  Location: Columbus  County: Franklin  Lending Partner: Park National Bank  Modo Yoga Columbus is an independently operated franchise of Modo Yoga International, providing a variety of community-driven yoga classes. Modo Yoga Columbus opened its first franchise in Grandview in 2015 and expanded to a second location in Clintonville in 2024 to better serve its […]

Navigating Green Energy Financing: How Small Businesses Can Achieve Their Sustainability Goals with Traditional Financing Tools

The Inflation Reduction Act (IRA) promised new financing programs for small businesses looking to embrace green energy solutions. Many had hoped to leverage IRA funding to make their operations more energy-efficient, reduce carbon footprints, and lower utility costs. However, with several IRA green energy financing programs unavailable due to federal funding freezes and legal challenges, […]

Borrower Spotlight: Manifold & Phalor, Inc.

Website: https://www.manifoldphalor.com/ Location: Canal Winchester County: Fairfield Lending Partner: The Savings Bank Manifold & Phalor is a manufacturer in Canal Winchester, Ohio providing Design, welding, fabrication, and machining repair services for the energy, military, and commercial aviation sectors. Founded in 1946, they provide Original Equipment Manufacturing (OEM) services, welding, cleaning, and repair for machine components […]

Borrower Spotlight: Team Worldwide Columbus

Website: https://www.teamww.com/ Location: Lancaster County: Fairfield Lending Partner: Bridge Credit Union Compass Rose Logistics LLC is a specialized freight forwarder located in Columbus, Ohio. They are an independently owned branch of Team Worldwide and do business as Team Worldwide Columbus. A woman-owned business, Team Worldwide Columbus provides sophisticated logistics and freight services through truck, air, […]

How Veterans Can Successfully Apply for SBA Loans

Veteran entrepreneurs are crucial contributors to the U.S. economy, driving innovation and showcasing the resilience that stems from their military service. With over 2.5 million businesses in the U.S. being veteran-owned, these individuals embody the spirit of innovation, dedication, and service. For veterans looking to fund their ventures, small business loans for veterans through the […]

OSDC Delivers New Green Energy Financing to Ohio

COLUMBUS, Ohio (October 23, 2024) The Ohio State Development Corporation (OSDC) is pleased to announce it is the first lender in Ohio to utilize the U.S. Small Business Administration’s (SBA) 504 Green Energy Loan Program under its expanded rules. OSDC helped a minority-owned small business in the Columbus, Ohio region invest in energy efficiency upgrades […]

Borrower Spotlight: Buckeye Metal Finishing

Website: https://www.buckeyemetalfinishing.com/ Location: Dayton County: Montgomery Lending Partner: Wright-Patt Credit Union Buckeye Metal Finishing is a veteran-owned business in Dayton, Ohio serving the aerospace and defense industries. Established in 2013, they are accredited by the National Aerospace and Defense Contractors Accreditation Program (NADCAP) to provide specialty metal painting and finishing services for projects related to commercial aviation, military use, […]