The Best Kept Secret in Owner – User Financing

The SBA 504 financing program is excellent for small businesses interested in commercial properties like retail offices and warehouses, hotels, health clubs, and daycare facilities. An added bonus is the loans can include the cost to build out or even a new construction with closing costs included. When you apply for one of the SBA 504 loans through Anchor Banc, there is no wasting valuable time. In most cases, approvals will be made within 10 business days of the application and you will close the deal within 60 days. The loans are customizable with the guarantee to meet your specific needs and we often work with business owners who have the most difficulty getting financing. A positive attribute of the program is SBA Debentures are fixed for 20 years and below market value. There is no time better than the present to apply for an SBA 504 loan through Anchor Banc.

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Program Attributes:

•  Approvals within 10 business days from application
•  Closings within 60 days
•  SBA Debentures are priced below market and fixed for 20 years
•  First mortgage carries a market rate generally fixed for 5 years
•  Loan can include cost of build out or new construction and certain closing costs

Eligible Commercial Property Types:

•  Manufacturing Facilities
•  Retail, Office and Warehouse
•  Restaurants
•  Hotels, Motels and Inns
•  Gas Stations < 10 years old
•  Commercial Condos
•  Convenience Stores
•  Medical Facilities including Veterinary Care Facilities
•  Automotive Repair/Sales
•  Health Club/Gyms
•  Car Washes
•  Funeral Homes
•  Daycare Facilities

Additional Program Details

•  Loan approval subject to SBA eligibility requirements
•  Maximum loan amount is $12,000,000
•  Term is limited to 10 years for equipment
•  Term is limited to 20 years for commercial real estate
•  51% occupancy required for commercial property
•  Specific job retention creation requirements
•  Applicant must demonstrate repayment ability from business’ historical tax returns
•  3 years tax returns on business and business owners required

• SBA 504 Loans
• 7A Loans