Special Purpose Properties

Businesses with a Limited or Special Purpose Property must inject a down payment of 15% when using the SBA 504 loan program. SBA considers the following as a Limited or Special Purpose Property:

  • Amusement parks
  • Hospitals, surgery centers, urgent care centers and other health or medical facilities
  • Service centers (e.g., oil and lube, brake or transmission centers) with pits and in-ground lifts
  • Theaters
  • Bowling alleys
  • Car wash properties
  • Cemeteries
  • Clubhouses
  • Cold storage facilities where more than 50% of total square footage is equipped for refrigeration
  • Dormitories
  • Farms, including dairy facilities
  • Funeral homes with crematoriums
  • Gas stations
  • Golf courses
  • Hotels and motels
  • Marinas
  • Mines
  • Museums
  • Nursing homes, including assisted living facilities
  • Oil wells
  • Quarries, including gravel pits
  • Railroads
  • Sanitary landfills
  • Sports arenas
  • Swimming pools
  • Tennis clubs
  • Wineries