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SBA 504 LOAN
Your Financial Partner in Business
Are you looking to expand, replace and/or purchase real estate or heavy equipment for your small business? An SBA-backed 504 loan from Partners Bank of California may be right for you.
SBA 504 loans enable business owners to buy commercial real estate and other fixed assets at competitive, long-term, fixed interest rates. You can also use an SBA 504 loan to construct a new property, upgrade an existing building, purchase equipment, or convert facilities to energy-efficient facilities.
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We’re an SBA preferred lender with in-house decision makers and offer aggressive analysis pricing.
SBA 504 loans from Partners Bank of California feature:
- As low as 10% down, so you can keep your cash working to grow your business
- Competitive fixed interest rates
- Closing and other soft costs can be added to SBA 504 loans
Project Financing
Small Business Owner
10%
Owner Contribution
Certified Development Company
(submits loan package to SBA)
40%
Financing
Bank
50%
Financing
SBA 504 Loan Program Overview
Maximum SBA Loan Amount
Loans are generally capped at $5 million. Certain eligible energy-efficient or manufacturing projects may qualify for more than one 504 loan up to $5.5 million each.
Interest Rate
Competitive interest rates for both Partners Bank of California’s First Deed of Trust and the SBA’s Debenture for the Second Deed of Trust is our commitment.
Speak with a client advisor to discuss the current offerings available.
Required Equity
A low down payment (10 percent in most cases) conserves your working capital.
Terms
10, 20 or 25 year terms.
Use of Proceeds
Long-term, fixed assets for expansion or modernization (usually real estate or large equipment). Refinancing of large equipment and/or owner-occupied commercial real estate may also be possible.
“I’m excited for the future, and working with Partners Bank, I cannot wait to see what we can accomplish.”
David Hanna
Owner, Hanna’s Restaurant & Bar
