SBA 504 Loan
The SBA 504 Loan1 program provides financing for major assets, such as commercial real estate, new construction, leasehold improvements and equipment. It features a low down payment, fixed rates and longer repayment terms than conventional bank loans.
1. All offers of credit are subject to credit approval, satisfactory legal documentation, and regulatory compliance. Borrowers are responsible for any appraisal and environmental fees plus customary closing costs, including title, escrow, documentation fees and may be responsible for any bank fees including bridge loan, construction loan, and packaging fees.