Prospective borrowers are often confused by the SBA 504 loan prepayment penalties, beginning with why the U.S. government would implement the penalty at all. Every 504 loan created requires joint efforts from a lender, a Certified Development Corporation, and the SBA....
The SBA 504 loan program enables business owners to access long-term, fixed-rate financing on owner-occupied commercial real estate and capital asset equipment. Previously, the 504 program offered 10- and 20-year terms to entrepreneurs purchasing property or machinery...
$2.5 Million SBA 504 Loan This Denver, CO diesel performance company sought a $2,500,000 SBA 504 refinance transaction. The customer was wrapped up in bank loans that were significantly higher than market averages. Avid Commercial was able to reduce the rate and...
SBA 504 Loan This $5 Million SBA 504 loan served beneficial for a variety of reasons for this customer. Along with financing for a vacation lodge and corporate retreat center in Heber, UT, Avid Commercial worked with a customer to restructure the majority of their...
SBA 504 Loans Done Right Avid Commercial worked with the SBA to restructure the customer’s term financing and proved a 25-year fixed rate cheaper than the 5-year fixed rate that the customer’s bank had quoted them. The customer was able to get the money...
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