How We Support Businesses Purchasing Land in Kentucky

As a business owner in Kentucky, you understand the importance of having access to capital to acquire land for your operations. Whether you’re looking to expand your existing facility, build a new location, or purchase land for future development, the 504 Loan Program issued by the U.S. Small Business Administration (SBA) can provide the financial support you need. 
The 504 Loan Program offers long-term, fixed-rate financing for the purchase, construction, or improvement of commercial real estate. This program is specifically designed to help small businesses like yours access the capital they need to grow and thrive.

Benefits of the 504 Loan Program for Kentucky Businesses

  • Access to substantial capital: The 504 Loan Program can provide up to 90% of the financing you need for your land acquisition project. This means you can focus on your business goals without having to worry about coming up with a large down payment.

  • Competitive interest rates: The 504 Loan Program offers fixed interest rates that are typically lower than the rates available through traditional banks. This can save you a significant amount of money over the life of the loan.
  • Flexible terms: The 504 Loan Program offers a variety of loan terms, including maturities of up to 20 years. This gives you the flexibility you need to structure your loan payments in a way that aligns with your cash flow.

Specific Examples of the 504 Loan Program in Action in Kentucky

  • A manufacturing company in Lexington used a 504 loan to purchase a 20-acre plot of land to build a new distribution center. The company was able to secure a loan of $7 million at a fixed interest rate of 4.5%, allowing them to expand their operations and create new jobs in the region.

  • A retail chain in Louisville used a 504 loan to acquire a prime location in a busy shopping district. The chain was able to secure a loan of $3 million at a fixed interest rate of 5%, enabling them to open a new store and expand their reach into the Louisville market.

How to Apply for a 504 Loan in Kentucky

To apply for a 504 loan, you’ll need to work with a Certified Development Company (CDC) like Capital Access. We can guide you through the application process, help you gather the necessary documentation, and provide you with expert advice.
Contact Capital Access Today
At Capital Access, we’re committed to helping Kentucky businesses succeed. We understand the unique challenges and opportunities faced by businesses in our state, and we’re here to provide you with the financial resources and guidance you need to achieve your goals.
Contact us today to learn more about how the 504 Loan Program can help you acquire land for your business in Kentucky.