The SBA 7a Program allows for financing of all types of business needs from purchasing real estate, fixed assets, working capital and business acquisitions.
As of 2/24/2023, SBA 7a Rate for qualifying properties and borrowers can be 7.75% Fixed Rate for 24 Months – 25 Year Amortization – No SBA Loan Guarantee Fee for the first $500,000 in Loan Amount
The SBA 7(a) loan program highlights are:
The SBA 504 Program provides a method to finance real estate expansion projects through long-term, fixed-rate financing. The 504 is different from the 7(a) in that it is offered by the SBA in partnership with a participating lender (bank or non-bank).” The 504 loan program consists of two loans. The first loan and lien position is offered by an authorized lending institution and the second loan or second lien position is offered by the US SBA via the efforts of a certified development company (CDC).
The main advantages of the SBA 504 program are as follows:
The SBA 504 loan program highlights are: