What is the 504 Loan Program?
The SBA 504 Loan Program assists small business owners purchase commercial real estate or equipment. Partnering with a bank, the SBA loan provides up to 90% financing at below market, fixed rates of interest. NSDC has a streamlined application process, which means less paperwork and fast approvals. Pre-qualification is also available to help business owners determine if a purchase is the right step.
How is a loan structured?
A typical purchase would be structured as follows:
Bank loan 50%
SBA 504 loan 40%
Borrower equity 10%*
*Single purpose buildings and start-up business are subject to additional borrower equity
What are the terms of the SBA loan?
What are the terms of the bank loan?
What assets can be financed?
"NSDC provides one of the best products for small - to medium-size businesses. They provide great service making it a win-win for everyone - the client, the bank, and the economy. "
Sr. Vice President
Nevada Security Bank