{"id":744,"date":"2015-08-21T14:48:33","date_gmt":"2015-08-21T21:48:33","guid":{"rendered":"http:\/\/tmcfinancing.wpengine.com\/?page_id=744"},"modified":"2024-05-13T10:20:51","modified_gmt":"2024-05-13T17:20:51","slug":"sba-504-loan-comparison","status":"publish","type":"page","link":"https:\/\/www.tmcfinancing.com\/es\/business-financing\/sba-504-loan-comparison\/","title":{"rendered":"Comparaci\u00f3n de pr\u00e9stamos SBA 504 y 7 (a)"},"content":{"rendered":"\n<h1>\n\t\tWhy SBA 504?\n\t<\/h1>\n<h2>\n\t\tSBA 504 Loan Comparison\n\t<\/h2>\n\t<p>SBA 504 loans enable business owners to buy commercial real estate and other fixed assets at below-market, long-term, fixed interest rates. Fully amortized over 25 years, these payments carry no balloon payment.<\/p>\n<p>You can also use loan proceeds to <a href=\"https:\/\/www.tmcfinancing.com\/sba-504-loans\/sba-504-construction-loan\/\" target=\"_blank\" rel=\"noopener\">construct<\/a> new or upgrade existing buildings, purchase <a href=\"https:\/\/www.tmcfinancing.com\/sba-504-loans\/sba-504-equipment-loan\/\" target=\"_blank\" rel=\"noopener\">equipment (10 yr. life expectancy)<\/a>, or convert facilities to <a href=\"https:\/\/www.tmcfinancing.com\/sba-504-loans\/sba-energy-efficiency-financing\/\" target=\"_blank\" rel=\"noopener\">energy efficiency<\/a>.<\/p>\n\t<h3>Get Started<\/h3>\n<p>Connect with our SBA 504 Loan Experts<\/p>\n\t\t\t<a href=\"#\" role=\"button\">\n\t\t\t\t\t\t\tContact a Loan Expert\n\t\t\t<\/a>\n\t\t <!--[if lte IE 8]>  <![endif]-->   \t\n\t\t\t<a href=\"https:\/\/www.tmcfinancing.com\/sba-504-how-to-apply\/\" target=\"_self\" rel=\"noopener\">\n\t\t\t\t\t\t\tPre-Qualify Today\n\t\t\t\t\t<\/a>\n<h2>\n\t\t<u>SBA 504<\/u> vs. 7(a) vs. Conventional \n\t<\/h2>\n\t<p>The SBA offers both the 504 and 7(a) loans, each valuable for their differences. The SBA 504 Loan is for the purchase of real estate and other fixed assets, and the 7a loan is more commonly used when working capital financing is needed. The 504 offers a low, fixed rate, while the 7(a) interest rate is variable and often unpredictable. The project maximum of a 7(a) loan is $5M and there is no project maximum with an SBA 504 Loan.<\/p>\n\t\t<style>\n\t\t\t\t\t.comp-table-18583 tbody tr td:nth-child(2) {\n\t\t\t\t\t\tbackground-color: #E9F7FD;\n\t\t\t\t\t\tbox-shadow: 0 .5rem 1rem rgba(0,0,0,.15)!important;\n\t\t\t\t\t\tborder-color: #00A4E4;\n\t\t\t\t\t\tfont-weight: 500;\n\t\t\t\t\t}\n\t\t\t\t\t.comp-table-18583 thead tr th:nth-child(2) {\n\t\t\t\t\t\tborder-radius: 10px 10px 0 0;\n\t\t\t\t\t\tbackground-color: #003E7E;\n\t\t\t\t\t\tbox-shadow: 0 .5rem 1rem rgba(0,0,0,.15)!important;\n\t\t\t\t\t\tborder-color: #003E7E;\n\t\t\t\t\t\tcolor: #fff;\n\t\t\t\t\t}\n\t\t\t\t\t.comp-table-18583 tbody tr:last-child td:nth-child(2) {\n\t\t\t\t\t\tborder-radius: 0 0 10px 10px;\n\t\t\t\t\t}\n\t\t\t\t\t\t\t.comp-table-18583 tbody tr td:first-child,\n\t\t\t.comp-table-18583 thead tr th:first-child {\n\t\t\t\ttext-align: left !important;\n\t\t\t}\n\t\t\t.comp-table-18583 thead tr th {\n\t\t\t\tborder-top:0;\n\t\t\t}\n\t\t\t.comp-table-18583 {\n\t\t\t\tline-height: 1.2;\n\t\t\t}\n\t\t\t.comp-table-18583 thead tr th,\n\t\t\t.comp-table-18583 tbody tr td {\n\t\t\t\tpadding-top: 1rem;\n\t\t\t\tpadding-bottom: 1rem;\n\t\t\t}\n\t\t<\/style>\n\t\t\t\t<table border=\"0\">\n\t\t\t\t\t\t\t\t\t\t\t<thead>\n\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<th>\n\t\t\t\t\t\t\t\t\t\tSBA 504\t\t\t\t\t\t\t\t\t<\/th>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<th>\n\t\t\t\t\t\t\t\t\t\tSBA 7(a)\t\t\t\t\t\t\t\t\t<\/th>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<th>\n\t\t\t\t\t\t\t\t\t\tConventional\t\t\t\t\t\t\t\t\t<\/th>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t<\/thead>\n\t\t\t\t\t<tbody>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tDown Payment\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\t10% minimum\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\t10-15% minimum\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\t25-40%\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tInterest Rates\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tSBA second mortgage at below-market rates, fixed for 25 years\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tTypically variable; tied to prime\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tVaries by lender\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tFees\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tIncluded in SBA loan; approximately 2.15%\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tPaid out-of-pocket; typically about 2.75%\n\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tPaid out-of-pocket; approximately 1%\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tProject Size\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tNo maximum\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tMaximum loan amount $5 million\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tNo maximum\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tCollateral\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tNo additional collateral required\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tAdditional collateral typically required for 90% financing\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tTypically no additional collateral required\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<tr>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tPrepayment Penalty\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tYes, for first 10 years, declining each year\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tYes, typically in first three years\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<td>\n\t\t\t\t\t\t\t\t\t\tVaries by lender\t\t\t\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t\t<\/tr>\n\t\t\t\t\t\t\t\t\t\t\t<\/tbody>\n\t\t\t\t<\/table>\n\t\t<p>TMC Financing offers exceptional experience and expertise. We&#8217;ve financed $14 billion in SBA projects-from $500,000 to $44 million in project values.<\/p>\n\t\t\t<a href=\"https:\/\/www.tmcfinancing.com\/sba-504-how-to-apply\/\" target=\"_self\" rel=\"noopener\">\n\t\t\t\t\t\t\tApply Now\n\t\t\t\t\t<\/a>\n\n","protected":false},"excerpt":{"rendered":"<p>\u00bfPor qu\u00e9 SBA 504? Comparaci\u00f3n de pr\u00e9stamos SBA 504 Los pr\u00e9stamos SBA 504 permiten a los due\u00f1os de negocios comprar bienes inmuebles comerciales y otros activos fijos a tasas de inter\u00e9s fijas a largo plazo por debajo del mercado. Totalmente amortizado\u2026<\/p>","protected":false},"author":3,"featured_media":0,"parent":37,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"class_list":["post-744","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SBA 504 Loan Comparison<\/title>\n<meta name=\"description\" content=\"An SBA 504 loan comparison shows distinct advantages over the 7(a) program or conventional financing. 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