Lenders
The SBA 504 loan gives your business great benefits:
- 90% financing allows you to expand while retaining precious working capital to help finance the growth internally.
- Fixed interest rate on up to 40% of the loan, which historically has been below conventional interest rates. Over a 20-year loan this could result in significant savings to you.
- Long-term, 10 years on equipment and 20 on real estate. Debt service is better matched to the cash flow generated by the asset.
- Subject to approval, another qualified borrower may assume the 504 loan in the event that you decide to sell the assets and/or business.
