The purpose of the Direct Lending Program is to provide small businesses with a source of gap financing otherwise not available through conventional lending sources. Loans will be made to 504 eligible recipients who are providing economic development in their community.
Less Money Down, Long-Term Fixed Rates and Lower Payments – Call Us Today!
Direct Lending Program
Funding You Can Count On
Eligible Projects/Loan Purpose
- Finance the acquisition of new equipment or real estate
- Finance permanent working capital for a growing business
- Refinance an existing loan from a private lender or other source of sub-prime financing
Eligible Businesses
- Any businesses eligible under the SBA 504 Loan Program requirements
Fees
- Borrower will be responsible for out-of-pocket closing costs to include, but not limited to origination fees, attorney fees, title insurance, recording fees, etc
Collateral
- The loan will be secured by acceptable collateral and have guarantees that they can be reasonably relied upon
Loan Amount
- Loans will range from $50,000 to $250,000
Interest Rate
- Fixed or variable are based upon credit risk
Response Time
- 5-10 days to receive commitment
We look forward to working with you on SBA 504 financing opportunities.
