SBA Form 1244 Application for Section 504 Loan

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SBA Form 1244 Application for Section 504 Loan

What Is SBA Form 1244?

This is a legal form that was released by the U.S. Small Business Administration on November 1, 2018 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is SBA Form 1244?
A: SBA Form 1244 is the application for a Section 504 Loan.

Q: What is a Section 504 Loan?
A: A Section 504 Loan provides financing options for small businesses to improve or acquire fixed assets.

Q: Who is eligible to apply for a Section 504 Loan?
A: Small businesses that meet the SBA's size standards and have a feasible business plan are eligible to apply.

Q: What can the loan funds be used for?
A: The loan funds can be used for the acquisition or improvement of fixed assets, including real estate, machinery, and equipment.

Q: How do I submit the SBA Form 1244?
A: The completed form should be submitted to your local SBA district office or participating lender.

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Form Details:

  • Released on November 1, 2018;
  • The latest available edition released by the U.S. Small Business Administration;
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of SBA Form 1244 by clicking the link below or browse more documents and templates provided by the U.S. Small Business Administration.

Download SBA Form 1244 Application for Section 504 Loan

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