SBA 7 (A) Loans feature long-term financing for most business purposes including the purchase of real estate, equipment, business acquisition, working capital, and refinancing. Loans are made by YNB and a portion is guaranteed by the SBA (Small Business Administration).
The SBA 504 Loan provides SBA direct permanent financing for real estate purchases, completed construction or machinery and equipment purchases. The SBA 504 loan features low fixed-interest rates, long terms and low borrower equity.
Items to discuss with your commercial loan officer would be: