Incentives to Locate in Port of Victoria Include the 504 Loan Program
15 Dec 2022
When reviewing cost advantages and incentives to locating in Port of Victoria, the U.S. Small Business Administration’s 504 Loan Program is one important consideration. The SBA 504 Loan Program provides access to small business owners to long-term, fixed-rate financing of up to $5 million. To be eligible, businesses must have a net worth of less than $15 million and an average net income of under $5 million. In addition, loans from the SBA 504 Loan Program must be used for purchases, construction, improvement, or modernization projects that promote business growth and job creation.
Learn More About the SBA’s 504 Loan Program
Visit the U.S. Small Business Administration website here for more details about the 504 Loan Program. For navigating this loan and other incentives available to businesses locating in Port of Victoria, Texas contact us. We’re here to help your business thrive and grow in Port of Victoria!