To qualify for financing, businesses cannot be worth more than $15 million and, according to SBA, must have an average net income of $5 million or less after tax in the previous two years. Non-profit organizations and businesses engaged in passive or speculative activities may not receive 504 credits. Because banks offer secured loans, they require guarantees that could take the form of assets or a down payment. If you can`t repay the loan, the bank could seize the security. Chobani Yogurt, which had a valuation of up to $5 billion in 2016, used a 504 loan to start the business, according to Manger. The export capital program offers exporters up to $5 million. The SBA offers a 90% guarantee for short-term loans and lines of credit for export operating capital. 12.5. This agreement is governed by the laws of the State of Florida. Exclusive jurisdiction for all claims, actions or disputes with us or in any way in connection with your use of the site, will be in the state and federal courts of the State of Florida, and the place where such an application, lawsuit or litigation will be decided in Palm Beach County, Florida. While the cost of these loans varies depending on your specific financial situation, the lender you work with, and how much money you take, you can usually expect to pay somewhere between 7.25 percent and 9.75 percent interest. The most common loan through the SBA is a 7 (a) loan that provides small entrepreneurs with $30,000 to $5 million. Qualified companies can use the funds to finance start-up costs, purchase equipment, purchase new land, repair existing assets, expand an existing business, acquire a new business, refinance debt, purchase inventory and inventory and much more.