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Found that perfect building, but your banker says you need 20% or 30% down? Can't afford 20% or 30%? Plus pay for renovations and soft costs and still have enough working capital left over for the expansion? Well, a 504 certified development company can help you by making you a loan to buy that building through the SBA 504 loan program. Only 10%* down by you. All project costs are included-land, building, renovation and soft costs. The loans are long term and provide a low fixed interest rate. The SBA 504 loan program can even finance the machinery you need to buy. Interested?
*Please Note: Equity of 15-20% is required for start-ups and businesses with irregular profitability, lack of historical debt service ability, a short track record or for single purpose properties.
- You often need only 10%* down
- Lets you keep more of your cash for working capital during your expansion
- Long term -- low fixed interest rate
- Finance your soft costs including accountant fees, title, insurance, attorney closing fees, etc.
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