504 Loans

The 504 Loan Program provides long-term, fixed-rate financing with low down payments to businesses. These loans are used to acquire real estate, machinery or equipment for expansion or modernization. Projects range: $120,000 to $10 million.

A typical project includes:

  • A loan from a bank or non-bank lender with secured senior lien.
  • A 504 loan from RMI secured with a junior lien covering up to 40% of the total project cost.
  • A contribution of at least 10% from the borrower.

The 504 Loan Program is designed for:

  • For-profit businesses.
  • Start-ups and existing businesses.
  • Owner-occupied businesses.

504 Loans from RMI are available throughout Missouri and Kansas and in parts of Illinois and Arkansas.