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: Coast to Coast Equipment: From Scissors to Cranes, LLC

Published November 12, 2018

  Website: https://ctocequip.com/   Location: Cleveland   County: Cuyahoga   Lending Partner: PNC Bank   Coast to Coast Equipment: From Scissors to Cranes, LLC sells aerial lifts and other equipment for use in the construction industry. A woman owned business that started in 2006, Coast to Coast Equipment has steadily grown in northeast Ohio to supply equipment to […]

Borrower Spotlight: Wishmaker House

Published October 15, 2018

Website: https://www.wishmakerhouse.com/ Location: Bellville County: Richland Lending Partner: Park National Bank Wishmaker House is an upscale bed and breakfast with a full restaurant and an onsite winery in the heart of Bellville, OH. Originally built in 1890 as the home of a prominent local physician, the building has historic significance in the community and was transformed into Wishmaker […]

Borrower Spotlight: AmBari Nutrition

Published June 15, 2018

Website: https://www.ambarinutrition.com/ Location: Elyria County: Lorain Lending Partner: Buckeye Community Bank Founded in 2007, AmBariNutrition is an e-commerce store providing bariatric vitamins, bars, shakes, and protein supplements used by athletes, bariatric patients, and medical weight loss patients. The company has a large online presence, shipping its products to customers across the United States and Canada.   OSDC worked […]

Borrower Spotlight: Delaware Lanes

Published February 14, 2018

Website: https://www.delawarelanes.net/ Location: Delaware County: Delaware Lending Partner:  Chase Bank Established in 1961, Delaware Lanes is a 16-lane bowling center and recreational business serving Delaware and the surrounding community. Delaware Lanes is home to many leagues in the area along with hosting all home games for the Olentangy Berlin Bears Bowling Team.  OSDC worked with Chase […]

Borrower Spotlight: Donald Law Office

Published December 14, 2017

Website: https://donaldlawoffice.com/ Location: Baltimore County: Fairfield Lending Partner:  Pathways Financial Credit Union After serving 23 years in the U.S. Army, Major Matthew Donald retired from military service to attend law school. Major Donald would eventually establish his own law practice focusing on elder law, estate planning, and veterans services.  OSDC worked with Pathways Financial Credit Union to […]

Borrower Spotlight: Sulens Dental Studio

Published November 21, 2017

Website: https://sulensdentalstudio.com/ Location: Zanesville County: Muskingum Lending Partner: Park National Bank Dr. Michael T. Sulens is a Zanesville native who is passionate about serving his hometown. He formed Sulens Dental Studio to provide expanded cosmetic and general dentistry services to the area.  OSDC worked with Century National Bank, a division of Park National Bank, to secure […]

Borrower Spotlight: Irving Equipment

Published August 14, 2017

Website: https://www.irvingequipment.net/ Location: Tiffin County: Seneca Lending Partner: First National Bank of Bellevue Irving Equipment, LLC is a family-owned assembler, fabricator, and manufacturer of heavy equipment located in Tiffin, OH. Established in 2003, Irving Equipment manufactures, sells, repairs, and services concrete pump trucks and truck-mounted cranes.  OSDC worked with Irving Equipment to provide them with two different loans. […]

Borrower Spotlight: Healing Hearts Counseling Center

Published July 20, 2017

Website: https://www.healingheartscc.com/ Location: Mansfield County: Richland Lending Partner: Park National Bank Healing Hearts Counseling Center is a behavioral health and wellness center with two locations in central Ohio in Mansfield and Reynoldsburg. They provide alcohol and substance abuse treatment, mental health services, and trauma and wellness support. The company was founded in 2007 and is a certified Women […]

Borrower Spotlight: Northstar Café

Published June 14, 2017

Website: https://www.thenorthstarcafe.com/location/northstar-cafe-westerville/ Location: Westerville County: Franklin Lending Partner: PNC Bank Northstar Café is a fast casual restaurant that uses certified organic foods and ingredients and makes sauces and breads from scratch on site. There are six Northstar Café locations across Ohio. The restaurants have received numerous awards for best restaurant, best dishes, and excellence in architecture, among many […]

Borrower Spotlight: UMD Automated Systems

Published April 28, 2017

Website: https://www.umdautomatedsystems.com/ Location: Fredicktown County: Knox Lending Partner: Park National Bank UMD Automated Systems creates modular material handling and conveyer systems. They work with all types of industrial companies across the world, but their expertise is primarily in working with the tire, rubber, and automotive industries.  OSDC worked with First Knox National Bank, a division […]

OSDC

Ohio Statewide Development Corporation
1650 Lake Shore Drive, Suite 240
Columbus, Ohio 43204

phone: 614-481-3214
fax: 614-481-3215
email: info@osdc.net


OSDC is a certified development company (CDC) licensed by the U.S. Small Business Administration (SBA) to provide low-cost, long-term SBA loans to eligible small businesses in Ohio.

Current SBA 504 Loan Rates

May 2024
10-year 20-year 25-year
6.91% 6.66% 6.56%

See Rate History

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