GRANTRADAR/Grant Programs/SBA 504 Commercial Real Estate Loan/Compliance
POST-AWARD COMPLIANCE CHECKLIST

SBA 504 Commercial Real Estate Loan: Compliance Requirements

What you must do after you win this award — administered by US Small Business Administration · Federal Program.

5
Total requirements
1
Clawback-risk items
5
Deadline-bound

⚠ Common Disallowed-Cost Pitfalls

  • Ongoing Eligibility: Unauthorized ownership change may trigger default, loan acceleration, and clawback provisions
  • Financial & Cost Eligibility: Non-compliance may constitute default under loan agreement and trigger acceleration of loan balance
  • Financial & Cost Eligibility: Failure to maintain required insurance may result in default or loan acceleration
  • Financial & Cost Eligibility: Unauthorized encumbrance may constitute default and trigger lender remedies
  • Financial & Cost Eligibility: Non-compliance may trigger default or lender remedies

Financial & Cost Eligibility

  • HighSemi Annual

    Borrower must provide evidence of property real estate tax payments to the SBA in May and October each year if the loan is secured by real estate.

    Deadline: May and October annually

    Source: sba504.loans (secondary source citing post-award tax documentation); 13 CFR 120 (referenced)

  • HighAnnual

    Borrower must provide annual evidence of hazard insurance coverage on the financed property equal to the remaining balance of the SBA loan.

    Deadline: Annually; timing not specified in available sources

    Source: sba504.loans (secondary source citing post-award insurance requirements)

  • HighEvent Driven

    Borrower must not incur additional encumbrances or liens on the collateral securing the 504 loan without prior written SBA permission.

    Deadline: Prior to incurring any additional encumbrance; written SBA approval required

    Source: sba504.loans (secondary source citing post-award collateral requirements)

  • MediumAnnual

    Borrower must submit corporate tax returns and annual financial statements (prepared by accounting professional) to the SBA on a regular basis.

    Deadline: Regularly, timing not precisely specified in available sources

    Source: sba504.loans (secondary source citing financial reporting requirements)

Ongoing Eligibility

  • Clawback riskEvent Driven

    Borrower must not change ownership or control of the business without prior written approval from the SBA.

    Deadline: Prior to any ownership/control change; SBA approval must be in written form

    Source: 13 CFR 120 (referenced in multifamily.loans and sba504.loans secondary sources)

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PROGRAM OVERVIEW
SBA 504 Commercial Real Estate Loan
Benefit, eligibility & stacking →

Official source: US Small Business Administration ↗ · Last verified 2026-04-01

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This checklist is compiled from official program sources and general grant-management rules for informational purposes. Final compliance obligations are governed by your specific grant agreement and the administering agency — always verify with US Small Business Administration.