Direct answer: For owner-occupied commercial real estate, SBA 504 generally delivers lower, long-term fixed rates on the real estate and build-out, while SBA 7(a) offers more flexibility if you also need working capital, goodwill, or broad use of funds. When weighing SBA 504 vs 7a, align the loan with uses, equity, speed, prepayment, and collateral. Key Takeaways - SBA 504 often wins on fixed-rate, long-term financing for real estate and major improvements. - SBA 7(a) is mor

Buying commercial property involves defining your goals, securing financing, negotiating a letter of intent, completing due diligence, and closing through escrow. Unlike buying a home, the value depends on income, leases, and operating costs. A careful due diligence period is the best protection against costly surprises after closing. What are the steps to buy a commercial property? 1. Define your goal: owner-occupied space or an investment, and the property type that fits. 2