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2009 SBA 504 Loans

 

$28 million loaned, 24 Lending Partners

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SBA 504 Loan Program
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SBA 504 Loan Program

The SBA's 504 program is a partnership between the SBA, Self-Help Ventures Fund and banks or other commercial lenders. It offers small businesses low long-term, fixed-rate financing for commercial real estate and equipment. Projects range up to $12 million for manufacturers, with a little as 10 to 20 percent owner equity investment, typically in cash or land.

NORTH CAROLINA'S #1 SBA 504 LENDER

Self-Help is the largest certified development company (CDC) in North Carolina. The SBA named us "N.C. Certified Development Company of the Year" in 2009, 2007 and 2005 because we originated the most 504 loans of any CDC in the state. 

We thank each and every one of you who helped us achieve this level of support for our state's growing small businesses.

The SBA 504 Loan Program

Self-Help, along with a bank or other lender and the Small Business Administration partner to help small businesses finance long-term assets through this program. Self-Help has offices located throughout North Carolina to help small businesses find the best financing option as they grow.

504 Loan Benefits to Small Business Borrowers:

  • Low down payment (as little as 10%) doesn't deplete cash on hand. So you conserve working capital, grow faster and create more jobs
  • Longer repayment terms reduce your monthly payments
  • Fixed interest rate on SBA loans, usually at below-market rates -- means no future rate fluctuations

504 Loan Benefits to Lenders:

  • Lower Risk

  • Hold first lien position
  • Lend 50% of project costs
  • SBA provides subordinated financing

  • Grow Your Portfolio

  • Expand existing relationships
  • Add new clients with broader lending ability

  • Increase Your Competitive Edge

  • Provide your small business clients up to 90% project financing 
  • Self-Help handles all SBA paperwork and answers SBA-related questions from the borrower from approval to servicing the loan

 

Please visit our Resource Center

for more guides and information about SBA 504 lending.

If you are interested in learning more about the SBA 504 loan program or have general questions,  contact Charlie Cleary at (919) 956-4629, or e-mail us

You can also contact an SBA 504 loan officer at an office near you.
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