Special Purpose Properties

The SBA has identified 27 different types of properties that it considers to be special use properties.  These properties can still be financed with a 504 loan; they just require an additional 5% down which reduces the SBA portion of the loan.  The list below is very specific; however, if you are thinking about an SBA loan and are not sure if your project is considered special purpose, please give us a call and we will be glad to discuss your specific circumstances.

a) Amusement parks;
b) Bowling alleys;
c) Car wash properties;
d) Cemeteries;
e) Clubhouses;
f) Cold storage facilities where more than 50% of total square footage is equipped for refrigeration;
g) Dormitories;
h) Farms, including dairy facilities;
i) Funeral homes with crematoriums;
j) Gas stations;
k) Golf courses;
l) Hospitals, surgery centers, urgent care centers and other health or medical facilities;
m) Hotels, motels, and other lodging facilities;
n) Marinas;
o) Mines;
p) Museums;
q) Nursing homes, including assisted living facilities;
r) Oil wells;
s) Quarries, including gravel pits;
t) Railroads;
u) Sanitary landfills;
v) Service centers (e.g., oil and lube, brake or transmission centers) with pits and in ground lifts;
w) Sports arenas;
x) Swimming pools;
y) Tennis clubs;
z) Theaters; and
aa) Wineries.