SBA Loan Overview

/SBA Loan Overview
SBA Loan Overview2018-02-26T21:23:01+00:00

SBA 504 Loan Overview

Build and Grow Your Business.

Need to purchase a commercial building or heavy equipment?

TCM serves businesses throughout the state of Minnesota and the following counties in Wisconsin: Barron, Buffalo, Dunn, La Crosse, Pepin, Pierce, Polk, St. Croix, Trempealeau.

The U.S. Small Business Administration (SBA) 504 loan program provides small and medium-size businesses with long-term, low, fixed-rate financing for owner-occupied commercial real estate and equipment purchases. Designed to promote business investment and job creation by providing access to low down payment financing, the SBA 504 loan program allows small businesses to preserve cash for operations.

SBA Advantage.

The key advantages of the SBA 504 loan program include:

  • Low Down Payment – Typically 10% of the total project cost.
  • 90% Financing
  • Longer Repayment Term
  • Low Interest Rate fixed for entire term of loan.

Advocates.

We serve as an advocate for you to ensure that small businesses with limited resources have the access to capital needed. Since 1990, Twin Cities Metro CDC has helped thousands of small business owners build and grow their businesses. As a certified development company, we operate as a not-for-profit economic development lender.

We work closely to guide you through your loan so you can achieve your business goals. Our staff has knowledge of other SBA loan programs as well.

We also help you with the other resources you may need along the way. Looking for a bank? We have a strong network of commercial lenders eager to assist you.

 

The key advantages of the SBA 504 loan program include:

  • Low Down Payment – Typically 10% of the total project cost.
  • 90% Financing
  • Longer Repayment Term
  • Low Interest rate fixed for entire term of loan.

Ready to start? Contact a loan officer today.

We look forward to working with you.

Contact Us