How does SBA 504 apply to Apopka industrial acquisitions?
SBA 504 is highly relevant for Apopka owner-user acquisitions specifically because the submarket has the highest concentration of 5,000–20,000 SF owner-user-appropriate product in the Orlando metro at basis levels ($130–$170/SF) that work within SBA program limits. The program requires only 10% down (versus 25–30% conventional), provides 25-year fully amortizing fixed rates with no balloon, and is administered locally by Florida Business Development Corporation (FBDC), which funded 418 SBA 504 loans totaling $440.8 million in FY2025. On a $1.5M acquisition, SBA 504 saves approximately $225,000 in cash at closing compared to a conventional 25% down structure. Owner-occupancy of 51%+ is required.