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Why My Clients Like the SBA 504 Loan…

Why My Clients Like the SBA 504 Loan…

The SBA Loan offers all the benefits of conventional bank financing with lower rates, less money down and longer fixed terms!

* Lower Down Payments
* Fixed Rate Financing
* Longer Terms
* Below Market Rates
* No Extra Collateral taken

SBA loans can be a daunting task, but I can help you make them easy! You or your clients have options and you need to understand how to make the SBA 504 loan work for you. Here are some of the program features..

Program Features:

* Amortization: 20 years fully amortized
* Interest rate is fixed for the 20 year amortization period once the bond is sold
* Interest Rate is closely aligned to the 10 year U.S. Treasury
* Up to 90% LTV, Loan amounts vary with project type and credit quality
* Loan sizes from $100,000 to $1,500,000 for regular SBA 504 Loan Program
* $2,000,000 for loans that meet a public policy goal
* $4,000,000 for small manufacturers

Program Requirements:

* 51% Owner Occupancy required for building
* Business must be for profit
* Business must be organized as a sole proprietorship, corporation, partnership or LLC
* Business Net Worth < $8.5M and net profit <$3.0M
* Personal guaranty from principal owners with 20% ownership

 


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