SBA 504 Loan

An SBA loan is a small business loan that is partially guaranteed by the Small Business Administration, which eliminates some of the risk for the financial institution who is issuing the loan.

SBA 7(A) LOAN

• Max loan amount of $5 million

• Best for business acquisition, real estate purchase and improvements, machinery and equipment

• Rate equal to prime + 2.75%

• 10 year term

• Collateral required

• Monthly payments

• No pre-payment penalty

• Can be used to consolidate higher interest debt

• Funding within 60 days