ABOUT OUR 504 LOAN
504 Capital Corporation financing is provided in tandem with bank financing and equity, invested by the borrower, so the burden is not all on you as a small business owner.
A project financed by TBFC has three sources of funding:
- 504 Capital Corporation: 40% of total project cost
(with 504 holding a second mortgage position)
- Commercial Lender: 50% of total project cost
(with lender holding the first mortgage position)
- Small Business Borrower: 10% of total project cost
(an equity investment)
504 Capital’s loans can have a term of 25 years, 20 years, or 10 years. Regardless of which term is right for you, you’ll receive a low competitive fixed rate.
SMALL BUSINESS EXPANSION LOANS WITH BIG IMPACT
504 Capital Corporation is a nonprofit, and our sole mission is to assist small business owners obtain the financing they need, promoting economic development and prosperity for all.
We provide small business owners with market rate financing at a minimum down payment, aiding in the purchase of crucial fixed assets such as real estate, property, and machinery.
Our financing services may enable you to do the following:
Purchase land or property
Purchase equipment or machinery
Build or renovate facilities
DIVIDENDS FOR YEARS TO COME
504 Capital cares about our clients and our goal is always to elevate you to the next level, helping your small business succeed. Our financing has enabled our clients to achieve great things, including the purchase of commercial real estate and heavy equipment, with a down payment as low as 10%. We’ll cover 40% on a typical lending transaction, and the remaining 50% comes from the lender.
As the small business owner, you receive tax benefits and appreciation on the real estate, as well as locking in the occupancy costs for the long term, with financing tailored to your unique needs.