Do you own a business?
If you own your own business, you can use a SBA 504 loan to:
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Construct a new facility
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Purchase an existing building
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Purchase land and build a new building
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Renovate existing facilities
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Purchase machinery and equipment for long-term use
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Refinance up to 90% of your current appraised property value, and include Eligible Business Expenses
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Refinance debt in connection with renovating facilities or equipment
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Purchase or build a building on leased land
Why use the SBA 504 loan program:
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Up to 90% financing, means less down payment and improved cash flow
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SBA 504 loans have lower rates than traditional loans
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No balloon payments, fully amortizing
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Include professional fees like the cost of your appraisal and environmental reports, along with loan fees
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Below market, fixed rates. Your payments are fixed and the worry rent going up or the building being sold are gone
SBA 504 Fact Sheet