• Real Estate Loan financing for acquisition or construction of owner occupied properties
• Equipment Loan financing

SBA 504 Loan Features:

• Size of Loans:
  • $500,000 to $8 Million

• Terms of Loans:
  • Bank first trust deed - 25 Years, fully amortizing, competitive fixed and floating rates available
  • SBA second trust deed – 20 Years, fully amortizing, fixed rates

• Loan Advance Rates:
  • General purpose real estate – up to 90%
  • Special purpose real estate – up to 85%

• Loan Costs:
  • 1.5% of the first trust deed loan
  • Additional fees for SBA/CDC second trust deed loan
  • Loan packaging, appraisal, environmental, title/escrow, construction fees vary depending on size of project, etc.

• Loan Turnaround Times:
  • 10 business days for Bank loan approval upon receipt of complete loan package
  • 45 to 60 business days for initial funding from receipt of complete loan application package and approval by CDC

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