Today Accountant

SBA 504

A SBA 504 loan applies only to property located within the United States and is long-term financing (20 years fully amortized) guaranteed by the U.S. Small Business Administration for the purchase a building and facilities or equipment and machinery with a useful life of at least ten years. The loan can also be used to purchase an existing property or construct new. The 504 loan proceeds can also include the closing costs and associated soft project costs.

SBA 504 Loan

SBA 504 Application Loans for new 504 Business Ninety Percent (90%) Loan-to-Cost Financing.

We can provide up to ninety-percent (90%) financing of the total project cost, which includes the land, construction and/or renovations, soft costs and closing costs.

SBA 504 Application Loans for profitable company Long term financing.

Increase your business cash flow and choose the financing terms which make sense for "your business." Save money not having to refinance in 3, 5 or 7 years.

SBA 504 Application Bad Credit Small 504 Business Loans Below Commercial Market Fixed Interest Rate Loans

Take up to 25 years to repay your commercial SBA 504 loan. A SBA 504 Loan does not have a Pre-payment penalty if you decide to payoff the loan early.

SBA 504 Application Small 504 Business with Bad Credit Have been turned down by bank(s) for bank financing.

Because of the lower down payment, equity requirements and market conditions we can approve more borrowers than conventional commercial bank loans.

SBA 504 Application Need expansion loan for small 504 Business No Balloon Payments.

Don't be vulnerable 3 to 5 years from now. Lock in your long term fixed-rate loan.

SBA 504 Application SBA Loan Assumable Financing.

If you decide to sell your property, pass on your below-market, fixed interest rates that came with the original loan to your buyer.

SBA 504 Application

At Today Accountant, we work with companies that want to apply for a 504 SBA business loan. Our commercial loan application packages include both the 1st & 2nd mortgages you require. We take a very flexible approach to credit analysis. We specialize in assisting new companies, rapidly growing companies, turn-around companies and those with special financial challenges that may prevent qualifying for commercial bank financing under traditional lending criteria. Allow us to offer and create a loan program to provide you access to capital as we have done for other entrepreneurs who cannot qualify for conventional commercial loans.

SBA 504 Loan Requirements

SBA 504 Loan
Application FeesNo
Personal GuaranteeYes: Principal Owner, Minority Owners: Possibly
CollateralReal Estate and Improvements: 1st Trust Deed & 2nd Trust Deed
Age of BusinessNew Business Okay
Funding AmountsMaximum amount ranges from $5 million to $5.5 million, depending on type of business.
Time to Funding24-hour conditional APPROVAL and close within 45 DAYS!
Credit Score Required600+
Interest RatesInterest rates on 504 loans are indexed plus an increment above the current market rate for 5-year and 10-year U.S. Treasuries. Maturities of 10 and 20 years are available.
Percent of Guaranty10% Down Payment or Equity Required
Not more than 40% - SBA 504 Lender
Not less than 50% - Bank or Private Lender
Use of Proceeds
  • Acquisition of vacant land for construction of a building
  • Purchase an existing building or construction of a new building
  • Modernization or renovation of a building including leasehold improvements
  • Purchase of machinery and equipment
  • Soft costs associated with the project such as title insurance, survey, attorneys fees, appraisals, environmental reports, architects, permits, engineering fees, installation of machinery and points on bridge loans
Maturity1st Trust Deed: May have a shorter term than SBA guaranteed 2nd. May be fixed or adjustable interest rate
2nd Trust Deed: 10- or 20-year term fixed interest rate
Guaranty Fees.5% fee on lender share, plus CDC may charge up to 1.5% on their share. CDC charges a monthly servicing fee of.625%-1.5% on unpaid balance Ongoing guaranty fee. (FY 2011) is 0.9375% of principal outstanding.
Who QualifiesFor-profit businesses that do not exceed $15 million in tangible net worth, and do not have an average two full fiscal year net income over $5 million.
Owner Occupied 51% for existing or 60% for new construction.
Benefits to Borrowers
  • Ninety Percent (90%) Loan-to-Cost Financing
  • Long term financing
  • Below Commercial Market Fixed Interest Rate Loans
  • Have been turned down by bank(s) for bank financing
  • No Balloon Payments
  • Assumable Financing

If your business requires commercial financing, we may be able to help you. In addition to commercial real estate loans our services also include SBA 7(A) loans for real estate and Commercial Loans.

Just because you have been turned down by another bank should not stop you from speaking to us....

Receive a SBA 504 Small Business Loan Today!