We work closely with banks to help businesses expand by buying buildings or equipment, or renovating or constructing new facilities. The 504 loan is one of the U.S. Small Business Administration (SBA) loan programs, and provides growing businesses with long-term, fixed-rate financing. 

504 loans typically carry a 50/40/10 structure.  A bank finances 50 percent of the project with a first lien position on the financed assets. Bridgeway Capital CDC, through a debenture fully guaranteed by the SBA, finances 40 percent of the project cost, taking a second lien position.  The borrower contributes 10 percent equity.

Loans are available to all types of small businesses that meet certain requirements:

• Located in Pennsylvania
• For-profit business
• Need capital for real estate and/or long-lived equipment (soft project costs can be included)

Loans are for a minimum of $50,000 and a maximum of $4 million*, up to 40% of the project costs.

Our affiliate, Bridgeway Capital CDC, is a certified development company, a regional economic development organization licensed by the SBA.  Our CDC Board of Directors includes representatives from the lending community, business advisors and community members.

*Maximum relates to expansion of manufacturing facilities