SBA 504 Construction
SBA 504 loans can finance new construction
The SBA 504 loan includes new construction, renovations or other improvements. The SBA 504 program allows business owners to build commercial property from the ground up or to expand existing facilities
- As low as 10% down for total project financing, including the purchase of land with ground-up construction or the purchase of an existing building with renovations.
- All costs associated with construction or renovations can be included in the loan (no break-out required). Contingencies and soft costs may also be included.
- Below-market FIXED interest rates with payments fully-amortized over 25 years, no balloon
- No additional collateral required: Projects usually secured by the subject property utilizing an “as proposed” appraisal evaluation.
Contact our loan experts to construction financing.