Why an SBA 504 Loan?
Your success depends on the satisfaction of your clients. So when your small
business
clients need financing solutions, you need MWSBF. Through our SBA 504 loan programs,
we can help you provide your clients with loans at Fortune 500 interest rates
and terms. An
SBA 504 loan is the most cost effective way for your clients to finance their
growth. Our
greatest concern is to help you achieve success by providing the best possible
lending
solutions to your clients.
Low Down Payment
504 loans require between 10% and 20% down. Small businesses receive up to 90%
financing allowing them to preserve working capital for business expansion.
Low Fixed Rate
504 loans utilize fixed rates that are usually one to two percent less than
conventional
financing. No calls, no balloons.
Low Monthly Payments
Small businesses pay low monthly loan payments by utilizing 15- to 30-year amortization
schedules from a first mortgage lender.
Savings on Bank
Rates
Due to the favorable
financing structure, your participating bank interest rate is often lower
than conventional rates.
How is an SBA
504 Project Structured?
Midwest Small Business Finance provides up to 40% of the total project cost
with an
affordable, fully amortized fixed-rate loan. The participating lender normally
finances 50%
of the cost. The borrower will typically contribute as little as 10% of the
total project cost.
