Are you a small business owner interested in expanding or building a new facility but don’t want to pay high interest financing?
Then, you should consider applying for an SBA 504 Loan, a Loan Guarantee Program offered by the U.S. Small Business Administration. An SBA 504 Loan is the best way to finance long term assets because it offers long term, fixed rate financing at a very reasonable interest rate.
One of the best parts of financing long term asset acquisition through an SBA 504 Loan is that the down payment is only 10%. Eligible companies include for profit businesses that do not exceed $15.0 million in tangible net worth and do not have an average net income of $5 million for the past 2 years.
For more information on how to obtain low interest financing through an SBA 504 loan, contact your local SBA District Office or visit the U.S. Small Business Administration at www.sba.gov.