The available terms for the 504 loan portion of a project are limited to 10 or 20 years.
Typically the 10 year term is used for equipment, and the 20 year term for real estate.
Equipment by itself cannot utilize the 20 year term; however, when equipment is part of a real estate project it may be able to be included in the 20 year maturity.
To determine if the equipment for your project is eligible for the 20 year term, use the
Term Calculator below: 		 
         
    Project     Weighted      
    Amount Life % Maturity      
    Land and building      
    Building renovation or expansion      
    Eligible soft cost      
    Machinery & equipment      
           
         
    Debenture term available for this project:    
         
  If the result is 10, then you may want to create two separate 504 notes;  
  a 20 year note for the real estate and a 10 year note for the equipment.  
     

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