Skip Navigation

SBA 504 Loan

For more information about SBA loans, please contact our SBA Lending Division at (405) 270-4736 or (888) 313-2722.


The "504 loan" provides SBA direct permanent financing for real estate purchases, completed construction or machinery and equipment purchases. The "504 Loan" features low fixed interest rates, long terms and low borrower equity.


The SBA lends up to 40% of the completed project cost with 10% borrower equity and the remaining 50% provided by BancFirst on a conventional basis.


Depending on contribution, total project cost can go up to $12,500,000.


BancFirst's 50% portion of the total project cost will carry typical conventional terms. SBA's 40% portion is based on the following terms:

  • Machinery and Equipment - up to 7 years
  • Long-Term Machinery and Equipment - up to 10 years
  • Real Estate - up to 15 years


BancFirst obtains a first lien position on the assets being acquired. SBA accepts a second lien position on real estate, machinery and equipment.


Small businesses with less than a $6 million net worth, and less than $2 million net income over the past two years. Excluded businesses include non-profit organizations and businesses which deal with speculation and investment. 

  • Retail - Less than $6 million in annual sales
  • Wholesale - Less than 100 employees
  • Manufacturing - Less than 500 employees


Creation or retention of one job for every $35,000 of SBA financing. Certain exemptions for job creation requirements apply.


SBA fees at loan funding are approximately 2.9%. BancFirst may charge a customary loan origination fee on the 90% portion of the loan. Application fees to the Certified Development Company (CDC) range from $0 - $1,000. SBA charges a 0.125 annual fee on the unpaid balance of their 40% portion.


To begin the application process, please call (405) 270-4736 or (888) 313-2722.

Application Turn-Around Time:

Applicants can expect a response approximately 10 days from submission by CDC. BancFirst and CDC approval takes approximately 30 days.