Spice Up Your Portfolio!

spice300

When mulling over your clients’ small business fixed asset project, remember the SBA 504 program can be used to finance fixed asset projects such as the following:

  • Ag Related Projects
  • Assisted Living Facilities
  • Daycare Facilities
  • Professional Offices
  • Retail Businesses
  • Self-Storage Units
  • Sports Facilities

SBA 504 financing can be used for almost any type of business. The 504 program is so often associated with hotels, restaurants, and convenience stores/gas stations, that it is easy to forget the other types of businesses¬†able to utilize the long-term, fixed interest rate program. The typical 504 financing structure rules, which apply to all 504 applicant businesses, are – 50% private lender, 40% SBA 504 loan, and 10% owner’s equity injection (additional equity required for a new business or special purpose property).

To spice up your portfolio with additional flavorful businesses – give FDDC a call at 605-882-5115!