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SBA 504 Loans

 

Loan Highlights

   
Loan Amount

$10,000 to $1,400,000

 

Collateral Types

Miscellaneous Equipment, Real Estate, UCC-1 Financing
Statement securing business assets, or other pledged forms of collateral

 

Term

7 years (15 and 25 year terms available)

 

Amorization

Full Amortization. (25-year loan programs are typically real estate secured)

 

Interest Rates

Variable Rate adjusted quarterly

 

Loan-to-Value

85% - 90% financing available

 

Prepayment

3-Year Prepayment if the amortization is over 15-years

 

Purpose

To purchase land, construct new buildings, business acquisition, expansion, working capital, and equipment financing.

 

Minimum Debt

Typically 1.00x or >

 


 

 

 

 

 

 

 

 

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