504 LOANS FINANCE

Current Interest Rates | 20-Year: 4.34% | 10-Year: 4.35% | Refi: 4.38%

5-Year Interest Rate History

QUICK QUALIFIERS

504 Loan Program

If you answer “yes” to the following questions, the project will likely qualify for the 504 Loan Program.

  • Will the project finance fixed assets such as construction or the purchase of an existing building and/or long-term equipment?
  • Is the business for-profit and located in the United States?
  • Does the business, including affiliates, have a tangible net worth of less than $15 million and after-tax profits, averaged over the last two years, of less than $5 million?
  • Will the business occupy at least 51% of the project property for existing buildings or 60% of the project property for new construction?  Or, will the equipment be used for business operations?

504 Refinance Program

If you answer “yes” to the following questions, the project will likely qualify for the 504 Loan Program.

  • Is the property being refinanced at least 51% owner-occupied, or long-term equipment?
  • Is the debt being refinanced originally used for the purchase or improvement of fixed assets?
  • Has the business been current on the debt to be refinanced for the past 12 months?
  • Is the loan at least two years old?

 

Ready to launch a new project?

877-BEST 504

www.GrowthCorp.com

Central IL Office 217.787.7557   |   Chicago Office 773.880.1455  |  Southern IL Office 618.932.3786

 

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