You will hear directly from representatives of the three Virginia SBA-approved Certified Development Companies that will work with you to obtain the SBA 504 loan:
- 504 Capital Corporation
- Business Finance Group, Inc.
- Rappahannock Economic Development Corporation
YOU WILL LEARN ABOUT THE FOLLOWING BENEFITS FOR SMALL BUSINESS BORROWERS:
- Financing available for owner-occupied commercial real estate or heavy equipment.
- Up to 90% Financing available – preserve your capital for other uses.
- Financing can include both hard and soft costs.
- Long-Term, Below-Market Fixed Interest Rates
- Longer Loan Amortizations – up to 25 years
- 504 loans can be assumed if you sell the building.
- Significant reduction in real estate expenses by moving from leased space to owning your own building.
- Help build equity for your business.
- Refinancing of debt used for owner-occupied commercial real estate and/or heavy equipment is permitted under certain circumstances.
