504 debt refinance

SBA 504 LOANS 530.225.2760 I www.scedd.org SBA 504 Debt Refinance It’s back and this time it’s permanent! BORROWER ADVANTAGES Improves Cash Flow Reamortizing the loan improves cash flow allowing the owner to put more resources into growing the business. Cash Out Borrower can access up to 90% LTV of their property value and use cash out for eligible business expenses. Access Low Fixed Interest Rates The SBA 504 is “Main Street’s Window to Wall Street” and borrower is able to access low, fixed 20-year interest rates. Loan Coming Due? Balloon coming due and worried about finding a home for the loan? We can help. LENDER ADVANTAGES Reduces Exposure With SBA taking 40% in 2 nd position, your 50% LTV 1 st DT is looking pretty strong. Frees Up Lending Availability Refinancing an existing borrower can free up more opportunities for you to lend to them again. Marketing Opportunity – Grow Your Portfolio Finding deals is difficult right now, ask us how the 504 refinance can be used to help grow your portfolio. SBA 504 REFINANCE ADVANTAGES Project Based on 90% of Appraised Value Appraisal will be required at submission to SBA, but we can get internal approval based on an estimate. No “Extra” Injection for Special Use Properties Hotels, motels, mini-storages, restaurants and all other special use properties are eligible for 90% LTV financing. Borrower’s Contribution is Equity In most cases the borrower won’t have to come out-of- pocket with cash as long as they have equity. We Want You to Succeed Need help with an eligibility question or how to structure a project? Need us to meet with you and your borrower? We support you in person, via phone, text and email. QUICK QUALIFICATION FOR 504 REFI LOANS Is the loan at least two years old? Is it owner-occupied (51%+ on purchased building)? Has the business been current on the debt to be refinanced for the past 12 months? Is the debt to be refinanced originally used for the purchase / improvements of fixed assets? Program cannot refinance SBA or USDA loans NEXT STEP – Contact Valerie at SCED to Discuss Your SBA 504 Refinance Proj ect

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SBA 504 LOANS 530.225.2760 I www.scedd.org

SBA 504 Debt Refinance It’s back and this time it’s permanent! BORROWER ADVANTAGES

Improves Cash Flow Reamortizing the loan improves cash flow allowing the owner to put more resources into growing the business.

Cash Out Borrower can access up to 90% LTV of their property value and use cash out for eligible business expenses.

Access Low Fixed Interest Rates The SBA 504 is “Main Street’s Window to Wall Street” and borrower is able to access low, fixed 20-year interest rates.

Loan Coming Due? Balloon coming due and worried about finding a home for the loan? We can help.

LENDER ADVANTAGES

Reduces Exposure With SBA taking 40% in 2nd position, your 50% LTV 1st DT is looking pretty strong.

Frees Up Lending Availability Refinancing an existing borrower can free up more opportunities for you to lend to them again.

Marketing Opportunity – Grow Your Portfolio Finding deals is difficult right now, ask us how the 504 refinance can be used to help grow your portfolio.

SBA 504 REFINANCE ADVANTAGES

Project Based on 90% of Appraised Value Appraisal will be required at submission to SBA, but we can get internal approval based on an estimate.

No “Extra” Injection for Special Use Properties Hotels, motels, mini-storages, restaurants and all other special use properties are eligible for 90% LTV financing.

Borrower’s Contribution is Equity In most cases the borrower won’t have to come out-of-pocket with cash as long as they have equity.

We Want You to Succeed Need help with an eligibility question or how to structure a project? Need us to meet with you and your borrower? We support you in person, via phone, text and email. QUICK QUALIFICATION FOR 504 REFI LOANS

Is the loan at least two years old? Is it owner-occupied (51%+ on purchased building)? Has the business been current on the debt to be refinanced for the past 12 months? Is the debt to be refinanced originally used for the purchase / improvements of fixed assets? Program cannot refinance SBA or USDA loans

NEXT STEP – Contact Valerie at SCED to Discuss Your SBA 504 Refinance Project

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