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SBA 504 Loan Programs: Small Businesses' Window to Wall Street: This 16-page report issued Feb. 2006 by the Comptroller of the Currency analyzes the program's advantages for banks and small businesses. It describes the mechanics of the program; outlines the costs, risks and regulatory considerations involved in being a 504 lender; and describes how the program can benefit lenders.
Key Facts on SBA 504 Loan Program: What projects are eligible? Who are typical borrowers? How is the loan package structured? What the terms and rates? Is it difficult to apply?
Frequently Asked Questions About the SBA 504 Loan Program: What are collateral requirements? Who needs to provide a personal guarantee? How do borrowers make payments? Is there a prepayment penalty? What are the legal fees?
Basic Information Needs: This is a standard set of borrower information Self-Help needs immediately to get started on an SBA 504 project.
Comprehensive Guide to the SBA 504 Program: This guide offers details on program benefits; project and borrower eligibility; loan structure; the financing process; application particulars; credit standards; the approval process; interim financing; closing and funding; terms and fees; collateral; servicing; loan assumptions and prepayments.
For 504 historical and current rates, please visit our Current Rates section.
General Underwriting Tips: Here is what we consider to be the five top questions to ask when looking at projects.
What is Special-Purpose Property: Here is how the SBA defines special-purpose properties and how we underwrite these types of deals.
Equipment Deals: Do you have a deal that includes heavy-duty equipment and machinery? Here is an overview of how SBA 504 loan program structures these deals.
What’s a "New Business?": Does the SBA consider your borrower an "existing" or "new" business? For SBA purposes, "new" might not mean exactly what you think it does. Here are few key points we consider.
504 Structuring Questions: What downpayment is required? How many jobs can the business create? Are there firms too big for 504 standards? Which ones are ineligible? Can the owner lease out part of the building?
504 Structuring Tips: Here are some tips to help you understand how 504 loans are structured and what you should take into consideration when underwriting them.
504 Approval Timeline: The old myth of SBA loans taking forever is now obsolete. Here is how to assess the turnaround times on 504 loans and what to expect.
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Tools for Lenders
SBA 504 Loan Programs: Small Businesses' Window to Wall Street: This 16-page report issued Feb. 2006 by the Comptroller of the Currency analyzes the program's advantages for banks and small businesses. It describes the mechanics of the program; outlines the costs, risks and regulatory considerations involved in being a 504 lender; and describes how the program can benefit lenders.
Key Facts on SBA 504 Loan Program: What projects are eligible? Who are typical borrowers? How is the loan package structured? What the terms and rates? Is it difficult to apply?
Frequently Asked Questions About the SBA 504 Loan Program: What are collateral requirements? Who needs to provide a personal guarantee? How do borrowers make payments? Is there a prepayment penalty? What are the legal fees?
Basic Information Needs: This is a standard set of borrower information Self-Help needs immediately to get started on an SBA 504 project.
Comprehensive Guide to the SBA 504 Program: This guide offers details on program benefits; project and borrower eligibility; loan structure; the financing process; application particulars; credit standards; the approval process; interim financing; closing and funding; terms and fees; collateral; servicing; loan assumptions and prepayments.
For 504 historical and current rates, please visit our Current Rates section.
One-Page Quick Underwriting Tips:
General Underwriting Tips: Here is what we consider to be the five top questions to ask when looking at projects.
What is Special-Purpose Property: Here is how the SBA defines special-purpose properties and how we underwrite these types of deals.
Equipment Deals: Do you have a deal that includes heavy-duty equipment and machinery? Here is an overview of how SBA 504 loan program structures these deals.
What’s a "New Business?": Does the SBA consider your borrower an "existing" or "new" business? For SBA purposes, "new" might not mean exactly what you think it does. Here are few key points we consider.
504 Structuring Questions: What downpayment is required? How many jobs can the business create? Are there firms too big for 504 standards? Which ones are ineligible? Can the owner lease out part of the building?
504 Structuring Tips: Here are some tips to help you understand how 504 loans are structured and what you should take into consideration when underwriting them.
504 Approval Timeline: The old myth of SBA loans taking forever is now obsolete. Here is how to assess the turnaround times on 504 loans and what to expect.
Self Help Ventures Fund e-News Brief:
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