WebDec 17, 2024 · The 504 program is an economic development program aimed at promoting growth and job creation, thus there may be a job creation requirement that is dependent on the amount of funds received. Under the umbrella of the 7 (a) loan program is the SBAExpress loan. WebApr 4, 2024 · The SBA CDC/504 loan program is for loans that are used to finance fixed assets such as land, real estate, and machinery. To offer these loans, the SBA works with Community Development Companies (CDCs) and other financial partners. The project is typically funded 40% by the CDC, 50% by a financial partner (usually a bank), and 10% by …
Fact Sheet: The New Small Business Boom Under the Biden-
Webthe SBA works with national banks and federal savings associations (collectively, banks) to provide loans to small businesses that might not otherwise obtain financing on … WebNov 29, 2024 · Download .pdf. This Form 1244 incorporates 504 Debt Refinancing updates made in the Economic Aid Act and is used to review the Applicant’s eligibility for a 504 … lindsay consulting
SBA 504 Equipment Loan TMC Financing
WebIndianapolis, IN 46241 View Map Phone: 317-226-7272 Schedule an in-person appointment Hours of operation: Monday through Friday from 8:00 a.m. to 4:30 p.m., by appointment only. Closed on all federal holidays. Serving all 92 counties in Indiana. Our staff Stacey Poynter District Director Martin Anderson Deputy District Director From our office WebSBA 504 Fact Sheet SBA 504 Fixed asset loans for small business expansion needs that are well-suited for construction & renovation projects and/or equipment purchases that will … WebSBA 504 Loan Details Loan Amounts $125,000 – $5,000,000 or more Interest rates 3.80% – 3.92% APR Repayment Terms 10 , 20 or 25 years Turnaround Time 30 – 90 days Get to Know SBA 504 Loans Gerri Detweiler • March 15, 2024 How Do 504 Loans Work? A 504 project has three main partners. Generally: hotline miami 2 beta soundtrack