SBA 504 Loans

HOW IT WORKS

Working with a Lender, High Plains Financial can provide up to 40% of the financing for commercial real estate purchase, new construction and long term equipment with an SBA 504 loan.

A lender must partner with us to typically provide 50% of the financing, while the entrepreneur/business owner ends up paying as little as 10% down.

SIZE OF THE PROJECT

There is no limit to total project cost, we can lend up to 40% of the project cost with a dollar cap of $5,500,000 depending on the type of project.

BENEFITS FOR BORROWERS

  • Low Down Payment
  • Enhanced Cash Flow
  • Long Term Low Fixed Rates
  • Predictable Monthly Payments

BENEFITS FOR BANKS

  • CRA Credit
  • Mitigation of Risk
  • First Lien Position
  • 50% Loan-to-Value
  • Ability to Assist More Customers

ELIGIBILITY

  • Must be For-Profit
  • Most Businesses Qualify
  • Owners must have permanent legal status
  • Must have Profit after Taxes of less than $5 Million
  • Must have tangible Net Worth of less than $15 Million

Still have questions? Contact Mike Archer at (406) 284-1789