SBA 504 Loan
Alliance Business Capital offers the SBA 504 Loan Program for Hotel Financing throughout the U.S. Below are some of the highlights of the SBA 504 Loan Program.
SBA 504 Loans available up to $15,000,000 and more on a case-by-case basis.
Some Benefits of the SBA 504 Loan include:
- Lower down payment than a Conventional Loan-typically 15 -20%
- Long repayment terms – reducing monthly payments
- Frees up cash flow to expand your business
- Many rate options including long term fixed rates
- Associated fees and soft costs may be financed in the loan
| Minimum Loan Amount: | Varies from Lender to Lender. Alliance has a $2 Million minimum on a 504 loan |
| Maximum Loan Amount: | $10 Million 1st Conventional with exceptions up to $20 Million $5 Million CDC/SBA |
| Use of Proceeds: | Long-term, fixed asset loans. Construction, New Purchase and Refinance (with compelling reason) |
| Loan Term: | Typically 10 - 20 Years |
| Who Qualifies: | For-profit businesses that do not exceed $15 Million in tangible net worth, and do not have an average two full fiscal net income over $5 Million . Must be a minimum of 51% owner occupied on existing properties or 60% on new construction. |
| Benefits to Borrower: | Lower down payment than a conventional loan, long term financing with no balloons |
Applying for an SBA 504 Loan through Alliance Business Capital assures you that you have the best chance for obtaining a loan approval on your loan request. We have been specializing in SBA Loans since 2010.
Alliance will work hand in hand with you throughout the entire process from application to closing.
Your business is important to Alliance Business Capital. We will work hard to structure a loan program that works for you.