As a business owner, finding the right financing option for your small business can be a challenging task, often requiring a lot of time and effort. However, if you’re looking to invest in real estate or large equipment, an SBA 504 loan may be the perfect solution.
The SBA 504 loan program is specifically designed to help small business owners finance their long-term fixed assets investments. This loan program is an affordable way to access capital as it offers some of the best interest rates in the market along with several other benefits.
With an SBA 504 loan, you can finance up to 90% of the cost of a commercial property, manufacturing facilities, and even equipment. The loan term can range from 10 to 20 years, and the interest rates are fixed for the life of the loan. Additionally, 504 loans offer below-market fixed interest rates that can save you thousands of dollars in interest payments.
This financing option not only provides low-cost capital but also offers the peace of mind that comes with knowing you are backed by the US government. Yes, that’s right. SBA 504 loans are backed by the Small Business Administration, which reduces the risk for the lender and increases your chances of approval.
So, if you’re looking to grow your business with a real estate or equipment investment, consider applying for an SBA 504 loan. It’s a smart and affordable way to build your business’s long-term success.
If you need any assistance in understanding or applying for an SBA 504 loan, reach out to a trusted SBA lender or financial advisor. They can help you navigate the process and make the most of this excellent financing option. Click here for info