Frequently Asked Questions

These are some frequently asked questions about the borrowing process. If you have other questions about 504 or your specific project, please call 1-800-507-9003 or e-mail us at

1. How does a business qualify for the 504 program?
2. What businesses are ineligible for the 504 program?
3. How can 504 funds be used?
4. How much will the 504 program lend me?
5. Is Prairieland EDC part of the SBA?
6. Is there a lot of paperwork?
7. Is there a certain bank I have to work with?
8. How do I contact someone at Prairieland EDC?