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
- 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