August 504 Rate 4.78 %      View Rate History

The 504 Loan Program is structured to be a win-win situation for both banks and small business owners. Small business owners are able to utilize up to 90% financing to invest in commercial property. While realizing the benefits of owning an appreciable asset, the borrower's valuable capital is also being preserved through the low equity requirements of the 504 Program. In most cases, 10% down is all that would be required from the borrower. On the other hand, lending institutions also benefit by being able to extend financing to companies in a way that may not otherwise be available. The bank's risk is cut to 50%, with Growth Corp providing the other 40% as an SBA guaranteed 504 loan. In addition, the bank gets first lien position, cutting their risk even more. Keep reading...