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The SBA 504 program has many advantages for business owners. Perhaps the most immediate are the low down payment and lower interest rate. With a minimum of 10% down, your customers can get the financing they need to purchase or construct a new facility or buy long-term equipment without having to go deeply out of pocket. As the bank, you won't carry the risk of the entire loan - just 50% as the first trust deed lender. The 504 program funds 40% of the project cost (with the second deed of trust at below-market fixed interest rate).
- 10% down payment
- Below market fixed interest rate
- Fully amortizing 20-year loan
- Bank interest rate on the first can be lower than conventional financing
Lower interest rates and a fully amortized loan, allow your customers to keep their working capital for future growth and expansion.. Not only are there tax advantages, but a real estate purchase with a fixed rate loan results in an overall lower and predictable occupancy cost. And of course, their property will increase in value, allowing them to realize appreciation in real estate ownership.
- Tax advantages
- Fixed occupancy costs
- Appreciation in real estate purchased
All the paperwork of a SBA 504 loan can overwhelm borrowers, and even some bankers. As a leader in providing SBA 504 financing, California Statewide CDC has the experience to make the entire process simple and easy. We're with you every step of the way to answer your questions, get your customer pre-qualified in as little as 48 hours, all without a loan packaging deposit. Think of us as your personalized team of lending professionals.
- 48-hour prequalification
- No loan packaging deposit
- Unequaled customer service
- Premier Lender Status (loan approval in 48 hours or less)
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