SBA 504 Loan
Are you bursting at the seams at your present business location,
considering buying a commercial building for the first time,
or need a second location? Would you like to minimize your
down payment? Consider an SBA 504 loan to finance purchase
or construction of your new building with as little as 10%
down! USU Charter Credit Union finances up to 50% of the
acquisition costs and a Certified Development Company makes
a second loan, guaranteed by SBA, for up to 40%.
The benefits of a 504 loan include:
- Low FIXED rate for up to 40% of the acquisition
cost
- Low rate on USU Charter Credit Union's
portion
- 20 year amortization
- As little as 10% down
504 loan funds can also be used to renovate an existing building
or finance purchase equipment with a useful life of 10 years
or more.
Keep your working capital to grow your business! Let us help
you finance your acquisition with an SBA 504 loan!! |
