The SBA 504 loan has a structure unlike other loans, as it is a partnership between a non-profit Certified Development Company (CDC), such as TMC Financing, and a conventional lender such as a bank or credit union.
The conventional lender provides 50% or more of the total project cost, and the CDC administers the SBA portion of the loan, for up to 40% of the total project cost at a fixed, below-market rate.
This unique structure of an SBA 504 loan allows for a low down payment. SBA 504 loans enable a business owner to purchase, renovate, construct or refinance commercial real estate with only a 10% down payment.
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