Why SBA 504?
25 years, fixed, below-market interest rate
An SBA 504 loan can provide your small business with a long-term loan (up to 25 years), a fixed interest rate (that is below current market rates), and financing in partnership your lender. When you secure a SBA 504 with High Plains Financial, there are no penalties for early payment and you receive our full team to support your success.
SBA 504 - The Basics
Loan amount: $25,000 – $5 million
Eligible Uses
- Land
- Acquisition of existing building
- Business condos
- Franchise aquisition
- New construction or building expansion/renovation
- Long-term equipment or fixed assets
- Professional fees
- Refinance existing commercial real estate or machinery
- Debt refinance with and without expansion available
- Refinance of government debt – 7a
- Working capital
- Inventory
- Goodwill assets from business acquisition
- Franchise fees
- Tenant improvements
Borrower Benefits
- Low down payment (starts at 10%)
- Fixed interest rate for up to 25 years
- Includes soft costs
- Payment stability
- Preserves working capital
- No balloon payment on SBA portion
Debt Refinance
- Bank partnership program designed to refinance existing commercial real estate or machinery
- Debt refinance with and without expansion available
- Refinance of government debt is allowed
- Offers low, fixed interest rates for up to 25 years
Why partner with High Plains Financial?
High Plains Financial is a certified SBA Community Development Corporation (CDC) affiliated with the Great Falls Development Alliance, Montana’s only Community Development Financial Institution (CFFI) and internationally accredited Economic Development Organization (EDO).
- Experienced team with a successful track record of doing SBA 504 loans for nearly 90 years
- Focused on project success and building strong relationships
- We do the complex deals and want to be your lender!
Call, email or text to get started:
Jill Kohles
Vice President Lending
JKohles@GrowGreatFalls.org
1-406-590-1056
GFDA and HPF are proud to be equal opportunity employers, lenders, and providers.
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.