SBA 504 Loans

SBA 504 Loans

Thinking of purchasing or renovating commercial real estate or purchasing long-term equipment to grow or expand your business? Our team of experts actively partner with local Certified Development Companies (“CDC’s”) to offer financing under the SBA’s 504 Loan Program. A typical 504 project is structured with fifty percent of the project costs provided through an American Riviera Bank loan. Forty percent of the project costs are financed with a fixed-rate debenture secured with a junior lien from a CDC.


  • Financing for projects up to $10 million, subject to credit approval, including acceptable collateral. An American Riviera Bank expert will work with you to put together financing for a $10 million project, with the Bank providing a $5 million first mortgage with a SBA 504 debenture of $4 million.
  • Low down payment. In most cases, you are required to inject just 10 percent of the total project cost, which includes renovations and soft costs.
  • Fixed rate on the SBA 504 portion. You don't have to worry about a variable rate that increases the loan payments on the CDC portion of your loan.
  • Flexible terms. American Riviera Bank offers 20- and 25-year terms on the Bank portion of the loan, with capped variable interest rates.

Eligible SBA 504 Financing

  • Purchasing land and buildings
  • Building expansion and remodeling
  • New construction
  • Purchasing long-term machinery and equipment with a useful life of at least 10 years
  • Soft costs relating to the loan, such as architectural and legal fees or costs for appraisals and environmental studies

Refinancing is also available on a limited basis, including interest and fees on the construction and/or interim bank financing. Financing for other needs such as working capital, inventory, debt consolidation or refinancing are eligible through a separate SBA 7(a) Loan Guaranty Program.

What do I need to apply?

  • 3 years business federal tax returns
  • Current Income Statement and Balance Sheet
  • Business Debt Schedule to match Balance Sheet (we can provide you with a spreadsheet)
  • 3 years personal federal tax returns
  • Personal Financial Statement
  • Copy of business lease
  • Purchase Agreement

Reach out to one of our SBA experts for more information on application requirements.

Ask an Expert

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Renee Howard

Vice President, SBA Manager

Send E-mail
805 540 6235
Location: San Luis Obispo

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Annette Jorgensen

Vice President, SBA Business Development Officer

Send E-mail
805 979 3846
Location: Santa Barbara

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Scott Bell

Vice President, SBA Business Development Officer

Send E-mail
805 540 6259
Location: San Luis Obispo

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Foundation Checking

Designed specifically for small or growing businesses who need a checking account with essential services, but don't do a lot of transactions. Every business needs a good foundation.

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Paycheck Protection Program (PPP)

An SBA loan to help keep your workforce employed during the Coronavirus (COVID-19) crisis.

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SBA 7(a) Loans

Government-guaranteed financing that allows for more flexible terms, including loans to help you start or buy a business. Already own a business? Consider an SBA 7(a) to expand your operations.

Customer Testimonial

American Riviera Bank knows and cares about our customers.

"We were just one location with a great product and great sales, but most banks wouldn't help us with the financing we needed to expand. So we talked to a bank in our own backyard: American Riviera Bank. Now we have six locations and a great relationship with American Riviera Bank."
Dan Goddard and Pete Heth, Backyard Bowls