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What are the differences between SBA 504 and 7a loans
🏘️An SBA 504 loan is commercial real estate financing for owner-occupied properties. These loans require only a 10 percent down payment by the small business owner and funding amounts range from $125,000 to $20 million and sometimes more. The SBA piece can go up to 5.5 million and the senior loan can be upwards of 20 million.
There are a lot of ways to structure these loans On the other hand, SBA 7a loans can be used to buy a business or obtain working capital. The maximum loan for an SBA 7a loan amount is $5 million.💸
Do you want to learn more about SBA 7a and SBA 504 loans? If so, book a…
The skinny
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