SBA 504 loans provide valuable financing options for businesses looking to purchase real estate or equipment. However, for businesses with foreign ownership, navigating eligibility requirements can be complex.
This post clarifies the current foreign ownership rules for SBA 504 loans and provides guidance for potential applicants.
Basic Foreign Ownership Requirements
For businesses with foreign ownership, the SBA has specific requirements that must be met:
- Under the current regulations, foreign ownership or investment is not currently allowed. The business must be owned by U.S. Citizens or Lawful Permanent Residents.
- The business must operate in the United States
Current SBA Staffing Impacts
It's worth noting that the SBA is currently experiencing workforce reductions, which may affect processing times for loan applications. This makes it especially important to work with experienced lenders who can navigate the system efficiently.
Working with Lenders
Given the complexity of foreign ownership requirements and current SBA staffing constraints, working with experienced SBA lenders is crucial.
BDC Capital/New England Certified Development Corp. specializes in SBA 504 financing and can provide guidance through the application process.
As the only active Premier Certified Lending Company operating in New England, we can approve SBA 504 loans unilaterally and often provide additional financing solutions that other lenders cannot, including down payment assistance.
Contact Us
For more information about SBA 504 loans for businesses with foreign ownership, contact BDC Capital/New England Certified Development Corp.
Our team of experienced professionals can help you navigate the application process and determine if your business is eligible.
