Trying to decide what type of loan is best for your business can be confusing.
With all the rules, guidelines, and regulations, it’s easy to get overwhelmed.
But with the right information, you can confidently choose the best loan program for your specific business needs.
An SBA 504 loan is commercial real estate financing for owner-occupied properties. These loans require only a 10 percent down payment by the small business owner and funding amounts range from $125,000 to $20 million and sometimes more. The SBA piece can go up to 5.5 million and the senior loan can be upwards of 20 million. There are a lot of ways to structure these loans
On the other hand, SBA 7a loans can be used to buy a business or obtain working capital. The maximum loan for an SBA 7a loan amount is $5 million.
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