The SBA 504 loan gives economic development funding that is intended to encourage private sector investment in fixed assets, the consequences of which will increase productivity and creates new jobs. The local tax base is likewise improved through adding property on which taxes are primarily based. The SBA 504 loan program offers long-term, low down payment, fairly priced fixed rate financing to healthy and expanding organizations that have the possibility of creating new jobs.
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Https://en.wikipedia.org/wiki/SBA_504_Loan
to provide a locality with economic growth through lending
The SBA 504 loan gives economic development funding that is intended to encourage private sector investment in fixed assets, the consequences of which will increase productivity and creates new jobs. The local tax base is likewise improved through adding property on which taxes are primarily based. The SBA 504 loan program offers long-term, low down payment, fairly priced fixed rate financing to healthy and expanding organizations that have the possibility of creating new jobs.