When it’s time to make that large fixed asset purchase for your growing business,
the SBA 504 Loan Program may be just what you need. SBA 504 loans are designed specifically
to finance fixed assets purchases such as a new building or a large piece of equipment.
This loan program works as a partnership between Community West Bank and an approved
SBA lending partner licensed by the Small Business Administration to provide a highly
leveraged, competitively priced loan option to your small business.
Some highlights of the SBA 504 Loan Program include:
- Down payment as low as 10% preserving vital working capital
- Low fixed and variable rates available
- Long-term, fully amortized loans with no balloon payments
- Project amounts up to $12,500,000
- Real estate must be 51% owner occupied for existing buildings and 60% owner occupied
for proposed construction