The 504 Loan is a powerful engine for economic growth. It provides long term fixed-rate financing on commercial real estate, ground-up construction, building improvements, heavy machinery, and equipment or business expansion. Whereas a 7a loan only goes to $5 million and is often meant more for working capital, the 504 goes as high as $20 million and is meant more for large scale expansion and development. 504 loans generally require 10% down, with 40% coming from a CDC (certified development company), and 50% coming from the borrower.
Use the 504 loan to build your equity and get tax benefits and appreciation from your business’s real estate while you keep your occupancy costs fixed for 20 years. Partner with Sunwest and get on track to build your American dream!