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SBA 504, SBA 7a Loans and Green Commercial Financing
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sba 504

 

SBA 504 Loan for Purchase - Acquisition of Commercial Property


The 504 Loan Program
for a Building Purchase or Purchase Renovation


What you need to know:

  • Many 504 loan applications can be approved with 10% down. (This makes the program worth considering for any business owner trying to conserve cash).

  • The 504 further allows you to conserve cash by allowing you to finance most closing costs and "soft costs."

  • Due to it's structure, the 504 has much more predictable payments than conventional commercial loans.

  • Because of the lower down payment requirements and the ability to finance closing costs, you can conserve roughly $100,000 in out of pocket costs on a $1,000,000 transaction vs. traditional commercial financing. (And the higher the loan amount, the greater the savings).


Advantages of the SBA 504


1. It's commercial financing that is actually available despite what is going on in the credit markets.

2. It allows for 90% loan to cost commercial real estate financing.

3. It is long term fully amortized financing with no balloons, calls, re-qualifying or refinancing later.

4. It allows a 10% down payment/equity injection at a time when most commercial lenders want 30% down.

5. The second mortgage is a low 20 year fixed rate.

6. You can finance manufacturing facilities or Green Building* projects in the $12 to $20 million range.


More SBA 504 Loan info: 504 Loans


Summary of SBA 504 Renewable Energy Benefits


*Green Building means a 10% reduction in energy consumption.


contact us to find out more!

Please contact us at 1-800-414-5285 to find out how our expertise with the SBA 504 can help your business.