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BORROWER BENEFITS

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  • Low down payment (10% in most cases)

  • Low, fixed interest rate on 504

  • Long term financing

  • Includes soft costs such as furniture, fixtures and fees

  • Stable monthly payments

  • Preserves working capital

  • No future balloon payments

  • Can include leasehold improvements

  • Up to $5 million for SBA portion of loan ($5.5 million for manufactures and energy public policy goal), no limit on overall project size

  • Own instead of lease

  • The 504 Loan Program can be used multiple times

We help local businesses expand and grow!
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