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Eligibility for a 504 Loan

April 13, 2006

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Eligibility for a 504 loan requires, in addition to the general eligibility requirements for a SBA Section 7(a) loan, that the small business must do all of the following:

• Be a for-profit corporation, partnership, or sole proprietorship.
• Have a net worth of less than $7 million dollars.
• Show after-tax profits during the last two years that averaged less than $2.5 million dollars.

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