How SBA 504 Loans Work - Explained in 50 Seconds
Автор: Own Your Bldg | G.L. Mittin
Загружено: 2025-12-27
Просмотров: 436
Описание:
SBA 504 loans sound complicated. They’re not.
Here’s how it works:
• You put down ~10%.
• A bank funds ~50% as a first mortgage.
• The SBA funds ~40% as a second mortgage at a long-term fixed rate.
Result: Up to 90% financing with a low fixed rate — currently around 5.82% on the SBA portion.
Requirements:
✔ Owner-occupied
✔ Your business must occupy at least 51% of the building
✔ Typically 2+ years in business with solid cash flow
If you own a business and pay rent, this is worth a look.
Think you might qualify? Let’s talk.
📞 818-430-8497
GaryMittin.com
CA DRE #01177574
📘 Grab my book: https://a.co/d/hvsJiT9
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#sba504 #SBALoans
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