5 Reasons to use the SBA 504 Program in 2021

By: Jo Ann Jones | Loan Officer


Borrower  Benefits

(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!

 

Lender Benefits

(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!