Description
•   If you do not qualify for traditional financing, but you would like to purchase land or heavy equipment, or buy/renovation real estate for your business, ask about the 504 Certified Development Company Loan Program
•   Max Loan Amount (up to 40% of the total project): up to $5 million; $5.5 million for manufacturing or energy public policy projects
•   Interest rate below market fixed rates for 10 or 20 year terms
•   Terms: 20 years for real estate or long term equipment; 10 years for general machinery and equipment
•   Guarantee: the SBA lender provides a senior loan for 50% of the project cost
•   Special condition: a minimum borrower contribution or down payment is required; amounts vary by project but are usually 10%
Contact
Sarah Wang
adelanto@localequity.com
213-373-1353