Loan Information Entry
SBA 504 Loan Amortization Years 25 years 20 years 10 years
First Lender Amortization Years 25 years 20 years 15 years 10 years
First Lender Rate (% fixed) 4.5% 4.75% 5% 5.25% 5.50% 5.75% 6% 6.25% 6.50% 6.75% 7% 7.25% 7.50% 7.75% 8% 8.25% 8.50% 8.75% 9% 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