| COMMERCIAL RESOURCES |
| SBA 504 Loan Program Basics The SBA 504 loan program is a cooperative venture between two lenders. The general purpose is to provide 90% financing for business real estate. would finance the balance of the purchase with a conventional first mortgage totalling 50% of the purchase price and a second mortgage issued by the Small Business Administration totaling 40% of the purchase price. Program Attributes • Approvals within 10 business days and closings within 60 business days • SBA Mortgage carries a below market 20 Year Fixed Rate • First Mortgage carries a market rate generally fixed for 5 years • Loan can include cost of build out or new construction and closing costs Eligible commercial property types • Retail, Office, Warehouse • Restaurant • Hotels, Motels and Inns • Gas Stations <10 Years Old • Commercial Condo • Convenience Stores • Medical Facilities • Automotive Repair / Sales • Mixed-Use • Health Club/Gyms • Car Washes • Funeral Homes Program Parameters • Loan approval subject to SBA eligibility requirements • Acquisition financing only, no refinance. • Maximum loan amount is $4,000,000 • Term is limited to twenty years • 51% occupancy requirement • Specific job retention or creation requirements • Demonstrate repayment ability from business historical tax returns • Three years tax returns on Business and Business Owner In Partnership with |
 |
 |
 |
 |
 |
 |
 |
| Click Here The Top 10 Reasons How a 504 Loan Can Benefit You |
| Payment Calculator |
| Let us help provide you with the expertise and knowledge in all aspects of commercial financing and business management. Call (866) 231-5457 or email us at: info@cradvisors.us |
Copyright ©2007 Commercial Resources and Invesments, L.L.C.
 | |  | |  | |  | |  |
