The SBA 504 loan offers benefits to both borrowers and lenders. The loan’s shared financing structure reduces risk for lenders, and its low down payment and long-term, low fixed interest rate puts financing within reach for businesses that may not qualify for conventional loans.
Evergreen is a premier CDC, giving us increased authority to process, close, service and liquidate SBA 504 loans. The result is a smooth, expedited process. Additionally, our simultaneous signing process on straight purchases reduces hassle, paperwork and risk for everyone involved.
Benefits to Lenders:
Low loan-to-value
Typically 50 percent
Lower reserve requirement
Reduced credit risk through partnership funding
CRA credits
Evergreen prepares the SBA paperwork and simplifies a complex process
Large down payments and refinancing risks make purchasing commercial real estate difficult for many small business owners. Evergreen’s 504 loans offer a low down payment with fixed, long-term interest rates that can help make real estate ownership a reality for your clients. Evergreen’s 504 loan program helps you remove the barriers associated with commercial real estate ownership. If your client is expanding, opening additional locations or building a new facility, we can help.