SUBMIT APPLICATION

SUBMIT APPLICATION

COMPLETEUNDERWRITING

COMPLETE UNDERWRITING

4–6 weeks 10 business days60-90 days

from property aquisition or Certificate of Occupancy

REVIEW BY LOANCOMMITTEE

REVIEW BY LOAN COMMITTEE

SUBMIT FOR SBA LOAN AUTHORIZATION

APPROVED BY SBA

SBA 504 LOAN FUNDED & BANK’S INTERIM LOANPAID OFF

ORDER ENVIRONMENTALREPORT & APPRAISAL

BANK’S INTERIM & PERMANENTLOANS FUNDED

SBA 504 LOANSThe best kept secret in commercial real estate financing.

PROGRAM BENEFITS1) LOwER DOwN PAyMENT REquIREMENTSHigher loan-to-value ratios allowed by SCED 504 loans make qualifying easier. You can borrow up to 90% of your financing needs, preserving valuable cash.

2) BELOw MARkET INTEREST RATESYour business can save on interest expenses by NOT accepting market interest rates when below market rates are available.

3) LONGER LOAN AMORTIzATIONSLonger loan amortizations allow for smaller monthly repayments, lowering impact on cash flows.

4) FINANcE cLOSING AND SOFT cOSTSFinancing closing and other soft costs helps to keep out-of-pocket expenses to a minimum.

HOw THE PROcEEDS cAN BE uSED• Buy, construct or improve owner-occupied commercial and industrial property with MINIMAL investment.• Purchase or remodel an existing building.• Purchase land and construct a new building.• To cover soft and closing costs.• Purchase project machinery & equipment.

350 Hartnell Avenue, Suite ARedding CA 96002530-225-2760www.scedd.org

loan process roadmap