SBA 504 Loan Basics
The decision to purchase commercial property is a big one for every small business owner, and there are lots of options to consider when it comes to choosing the right financing for your project. But which option is the right one, the best one?
Here, you’ll find information and resources to help you evaluate your options and weigh the benefits of the SBA 504 loan, the Best-Kept Secret in Commercial Real Estate Financing, against other types of commercial property financing.
As you get started in your evaluation consider the following pre-screening question. If you answer yes to all these questions, the SBA 504 loan can be a good fit for you:
Are you looking to buy, build, or renovate owner-occupied real estate?
Are you going to utilize at least 51% of the usable square footage of the property?
Are you looking to put at least 10-20% equity down?
Are you looking for long-term below-market fixed interest rate?
Will the total project cost be between $500,000 and $20,000,000?
Is the company for-profit and non-publicly traded?
Is the company comprised of 51% citizens or resident alliens
Take as much time as you need to familiarize yourself with the options available to you, then contact us with any questions or to start the application process.