A SBA 504 loan is a long-term,
fixed rate loan for growing businesses with major fixed assets, such as
land or buildings. Proceeds from the loan must be used for fixed assets,
such as purchasing land, existing buildings, new facilities construction
or machinery and equipment. Proceeds of a 504 loan cannot be used for
working capital, repaying or consolidating debt, or refinancing.
Features include:
 Maximum loan amount up to $4 million
Fixed asset interest rates
Maturity 10-20 years
Fees totally approximately 3% of the debenture and may be financed with the loan
To qualify for an SBA 504 loan, businesses must meet the following
qualifications:
Operate for profit
Fall within size standards set by the SBA
Not have a tangible net worth in excess of $7 million and has average net income after taxes of less than $2.5 million for the preceding two years
Organized as sole proprietorship, corporation or partnership
Able to make repayment
For more information on SBA 504 loans and to find out additional details
on how your business may qualify call us at:(818) 449-7700
Our lending experts are ready to answer your questions and help you
start the application process.
 SBA 7(a) Loans |
