The U.S. Small Business Administration (SBA) 504 Loan Program provides long-term, subordinated, fixed-rate financing for fixed assets, including machinery and equipment with a life of 10 or more years or real estate loans with a maturity of 20 years. Assets appropriate for finance under the 504 program include land and buildings, building renovation, and machinery and equipment. The program serves healthy, expanding businesses with a net worth of less than $15 million and average net profits of less than $5 million after taxes over the past two years. Funded projects usually range between $500,000 and $5 million. The 504 loan can be made for a maximum of $5 million, which can cover up to 40 percent of a project’s cost and works in partnership with local financing institutions. One job should be created or retained for every $65,000 loaned or the project should meet another public policy goal, such as rural development. Projects meeting certain public policy goals may warrant a loan for up to $5.5 million. A state-funded network of Kansas Certified Development Companies (CDCs) assists with the preparation of the application and originates and services the subordinated loan. Other programs may be used in conjunction with 504 loans to provide working capital or fixed-asset financing for larger projects.