The SBA recently updated its standards of classification for small loans, demonstrating once again that most all companies are classified as “small”. 

• Tangible Net Worth can’t exceed $20million (up $5million from $15million) and

• Average Net Income after taxes for two fiscal years is more than $6.5million (up $1.5million from $5million)

This recent change will allow more small businesses to qualify for the benefits of the SBA 504 Loan Program.

Our project size in 2023 ranged from $500,000 to $26million.

Call today to learn more about how your client can qualify for the benefits of the SBA 504 Loan Program.