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SBA 504

SBA 504 CDC Loan Program Interest Rates

$200,000 – No Maximum

PROGRAM DETAILS

Business Eligibility
  • For-profit business with a net worth < $8.5M
  • 2 year average after tax net income < $3M
  • SBA size standards based on the number of employees or annual revenues
  • Multi-Industry properties eligible
Program Overview
  • Loan amounts from $200,000 – No maximum, CDC portion $1.5M - $4M depending on eligibility criteria
  • Minimum 1.20x DSC
  • LTV’s up to 90%
  • Rates fixed & floating
  • Up to 25 years amortization fully amortized
  • Costs may be included in loan
  • Minimum 5 year prepayment penalty
Loan Purpose & Deal Types
  • Expand / acquire
  • Purchase , construct, or expand owner occupied commercial real estate
  • Finance project related soft costs
  • Purchase equipment
  • Limited refinance of existing real estate and equipment debt in combination with new funds for a 504 eligible expansion