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Buy or Build It: SBA CDC/504 Loan Program

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SBA San Antonio District Office

615 E. Houston St

Ste. 298

San Antonio, Texas 78205

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Description

504 Loan Structure

504 Loans are typically structured with SBA providing 40% of the total project costs, a participating lender covering up to 50% of the total project costs, and the borrower contributing10% of the project costs. Under certain circumstances, a borrower may be required to contribute up to 20% of the total project costs.

An example of how a typical 504 loan is structured follows:

504 Loan Example

Total 504 projects costs for a $1,000,000 project may include the following (eligibility requirements apply to the 504 portion of the project as well as the participating lending portion):

  • Building Purchase
  • Land
  • Renovation
  • Furniture and Equipment
  • Soft Costs
  • TOTAL $1,000,000

Loan Structure

  • $500,000, 1st lien with bank (loan obtained from a private sector lender covering up to 50% of the total project cost)
  • $400,000, 2nd lien with 504 loan, 20 year, fixed rate (loan obtained through a CDC, funded through an SBA-guaranteed debenture, covering up to 40% of the total project cost)
  • $100,000, borrower contribution (contribution from the borrower of at least 10% of the total project cost/)

How 504 Loan Funds May Be Used

The use of proceeds from 504 Loans must be used for fixed assets (and certain soft costs), including:

  • The purchase of existing buildings;
  • The purchase of land and land improvements, including grading, street improvements, utilities, parking lots and landscaping;
  • The construction of new facilities or modernizing, renovating or converting existing facilities;
  • The purchase of long-term machinery* ; or
  • The refinancing of debt in connection with an expansion of the business through new or renovated facilities or equipment*.



Parking Options - Price may vary

City of San Antonio Public Parking Lot on E. Houston St. under IH37 overpass, next to the Red Roof Inn $2.50/per day

Meters behind Hipolito F. Federal Building on various streets
First Presbyterian Church Parking Lot - McCullough Ave at Ave E
Scottish Rite Parking Lot - 4th Aly
Houston Street Garage (hourly/flat rate) - 240E. Houston
Convention Center Garage (flat rate) - 850 E. COmmerce
St. Mary's Street Garage (flat rate) - 400 N. St. Mary's
Houston/Nolan Lot (Daily/flat rate) - Houston at Elm

Central Parking:

Bonham Lot (flat rate) - 330 Ave E.

Medical Arts Lot (flate rate) - 304 Ave E.
Crockett Lot II (flat rate) - 824 E. Houston St.
Travis Lot (flat rate) - 201 Broadway
Bowie Lot II (flat rate) - 328 E. Crockett/Bowie
Commerce St. Garage II (hourly rate) - 849 E. Commerce
Crockett St. Garage II (hourly rate) - 300 E. Crockett
Hyatt Regency San Antonio Garage - 110 Lasoya St.

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Date and Time

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SBA San Antonio District Office

615 E. Houston St

Ste. 298

San Antonio, Texas 78205

View Map

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