504 Loan Calculator

¹ Not all borrowers/properties will qualify for a 40% SBA 504 structure. Special Use properties and Start up businesses in operation under 2 years will require an additional borrower contribution of 5-10%. For specifics, please contact one of our loan specialists.

² Interest rate and terms are set by the bank, can be fixed or variable and typically range from 15- to 25-year amortizations.

³ The SBA 504 rate is set at the time of loan funding and is based on 10-year treasury plus a spread. SBA term is 10, 20 or 25 years, fully amortized.

⁴ The Blended rate is an approximate calculation and will differ slightly based on project fees financed into the loan debenture.

⁵ The First Lender will hold the 1st Mortgage as collateral. The SBA will hold the 2nd Mortgage as collateral.

⁶ Points and fees on the SBA 504 loan are rolled into principal and rounded up. The SBA fees are 2.65% of the SBA 504 loan plus legal fees of $2000 for SBA loan amounts under $300000 and $3000 for SBA loan amounts over $300000. For specifics, please contact one of our loan specialists.

⁷ Payments are calculated off of the SBA loan amount plus SBA fees