Apr 02, 2021
By: Jo Ann Jones | Loan Officer
(1) LOW FIXED INTEREST RATES
Low equity injection into the project (typically just 10%!). Historically low fixed interest rates available over 10-20-25 year terms!
(2) FEE ELIMINATED
Some fees have been eliminated through 09.30.2021 making it even more economical to fund your project.
(3) COLLATERAL IS PROJECT SPECIFIC
Collateral is project specific, leaving other assets to support other loans. Preserves your working capital!
(4) 1ST LIEN WELL SECURED
1st lien position on collateral that is well secured—typically 50% loan to cost.
(5) THE PROCESS
The lender approves and documents their own loan while Big Sky Finance works with SBA to process the 504 loan.
Learn More about 504 Loan Program HERE!