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Helping companies find the money They need to grow

May 2020 Rates

2.65%

10 Year Fixed

2.69%

20 Year Fixed

2.76%

25 Year Fixed

Sample Owner-Occupied Real Estate Project

 

Land & Building
Renovations
Machinery
Soft Costs

$800,000

$100,000

$50,000

$50,000

Total Sample Project Cost = $1,000,000

 

 
Bank
504 & Bank
SBA 7(a)
Down Payment20%10%10%
Bank Loan Amount$800,000$500,000$900,000
504 Loan Amount*
-
$411,000
-
Bank Amortization
-
20
-
Bank Rate7%7%7%
504 Rate
-
4.16%
-
Bank Monthly Payment$6,202$6,402$6,978

5.76% Blended Rate


 
Bank
504 & Bank
SBA 7(a)
Equity Requirement$200,000$100,000$100,000
7(a) Up Front Fees
-
-
$20,250
504 Up Front Fees
-
$2,500
-
Due From Borrower
(less closing costs)
$200,000$102,500$120,250

 
*The 504 loan amount includes the SBA fees that are built into the monthly payment