SBA 504 Loan

Can your business benefit from a fixed rate, below market loan with a 10-20 year term and only 10% down?

If you plan to purchase, construct or improve commercial real estate the SBA 504 loan could have key advantages for you.

  • You can borrow up to 90% of your financing needs, saving your cash for business expenses.
  • Repayment terms are longer than conventional loans, making your monthly payments smaller
  • The interest rate is currently lower-than-market.
  • No balloon payment Loan proceeds can be used to purchase, construct or improve commercial and industrial real estate, purchase and install heavy machinery and equipment and finance your loan costs. (50% Owner occupancy on existing and 60% for new construction is required.)

The Typical SBA 504 Loan Structure

SBA504

  • AEDC will work with your bank to submit your loan application to the Small Business Administration.
  • AEDC Loan officer Kelli Sterling has many years of experience with successful 504 loan underwriting.
  • The bank-funded portion of your loan will typically have competitive rates and terms due to minimal bank exposure on the project.
  • Loans from $50,000 to $5 million (some restrictions apply)

 

SBA 504 Loan Application   

Click here for SBA 504 Frequently Asked Questions

Current Rate

Current Rate is

5.00%

 

Sept. 15, 2014 SBA 504 Loan

To Buy, Construct or Improve Commercial and Industrial Buildings