So what is an SBA 504 loan? I get this question a lot, as you can well imagine. It is a commercial Loan product that is typically 90% loan-to-cost financing. OK, what I mean by 90% loan-to-cost financing is, we take the purchase price of the property, plus any soft cost, plus, if there’s gonna be any renovations. Whatever that is, put it together. We’ll finance 90% of it, OK? As opposed to what is more prevalent in the marketplace, which is ordinary conventional bank financing or credit union financing, which is typically going to be 75 to 80 percent ... Read More

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