For veteran-owned businesses, TMC’s SBA 504 loan program is a great way to finance commercial/industrial real estate.
- A down payment as low as 10% keeps your cash available for other business expenses
- Below-market, FIXED interest rates, amortized over 20 years
- No maximum loan amount
- No additional collateral required
- Closing and other soft costs can be added to loan
In addition these benefits, veterans who own 51 percent or more of the business can receive a cash rebate of $3,000 at funding to offset the costs of appraisals, environmental reports and other loan expenses through TMC’s VetLoan Advantage Program.
One of the policy goals of the U.S. Small Business Administration’s 504 loan program is the expansion of small businesses owned or controlled by veterans, especially service-disabled veterans.