504 Loans are funded by way of a monthly bond sale on the secondary market which requires a slightly different payoff process than a typical bank loan. Partial prepayments are not accepted. If you have an SBA 504 loan we can provide an estimated payoff amount to you for planning purposes. Prepayments are made on the 3rd Thursday of each month. Alloy Commercial Capital must have an eight-day written notice that the loan is going to be prepaid. Please be advised that the SBA 504 loans are assumable, which would eliminate the need to pay the prepayment premium. All payoffs are made by wire transfer. A prepayment premium may apply please email your servicing agent at loanservicing@alloydev.org if you are considering loan payoff or a loan assumption.