Franklin Financial Company - SBA 504 Application
 
SBA 504 Rates
Fixed Rates up to 25 years
Lower than Commercial Bank Loans
Call us for current low rate
(866) 777-2341
 
 
SBA 504 - Purchase or Renovation
Purchase Land & Improvements
Construct New or Renovate Facilities
up to 90% Financing
Also: Finance Machinery & Equipment
 
 
 
SBA 504 - Real Estate Refinance
Limited Time Period
Refinance Current Debt
No Cash Out
IDEA: Refinance with a 7a loan instead!
 
 

SBA 504 Application

To be eligible for a Small Business Administration 504 real estate loan, your business must be operated for profit and fall within the size standards set by the SBA. Using the SBA 504 commercial loan program, your business qualifies as "small" if it doesn't have a tangible net worth in excess of $15 million and does not have an average net income in excess of $5 million after taxes for the prior two years.

SBA 504 Loan

24-hour conditional APPROVAL and close within 45 DAYS!

SBA 504 Quick-Qual Form
First Name:
Last Name:
Company:
State:
Phone:
Mobile:
Email:
Type of Loan Desired:
Purchase or Refinance?PurchaseRefinance
Real Estate or Equipment?Real EstateEquipment
Industry:
Loan Amount Desired:
Description:



SBA 504 Forms & Eligibility Checklists

Call us for help in completing the forms: (866) 777-2341





SBA 504 Application Small 504 Business
Visit the Small 504 Business Administration to review sbaloans.
SBA.gov


What is a 504 loan

What is a 504 Loan?

A 504 loan is long-term financing guaranteed by the U.S. Small Business Administration for the purchase a building and facilities or equipment and machinery with a useful life of at least ten years or refinance of commercial real estate located within the United States. The loan can be used to purchase an existing property or construct new including the closing costs and associated soft project costs.


At Franklin Financial Company, we work with companies that want to apply for a 504 SBA business loan. Our commercial loan packages include both the 1st & 2nd mortgages you require. We take a very flexible approach to credit analysis. We specialize in assisting new companies, rapidly growing companies, turn-around companies and those with special financial challenges that may prevent qualifying for commercial bank financing under traditional lending criteria. Allow us to offer and create a loan program to provide you access to capital as we have done for other entrepreneurs who cannot qualify for conventional commercial loans.

90% Financing for you ~

Sample project financing guaranteed by the Small Business Administration (SBA 504)
%Project CostSource of FundsInterest RateAmortizationCollateral
$1,000,000
Not less than 50%$500,000Bank or Private LenderFixed or Variable15 to 30 yrs1st Trust Deed*
Not more than 40%$400,000SBA 504 LenderFixed20 yrs Fully Amortized2nd Trust Deed*
10%$100,000Down Payment or Equity Required
* Franklin provides both the 1st & 2nd Trust Deed Financing.

 

Let us assist you in applying for your SBA 504 Small Business Administration guaranteed commercial real estate loan.

Collateral

Good news ~ use the project assets being financed as collateral! The SBA requires a personal guarantee of the principal owners.

Interest Rates and Fees

Interest rates on 504 loans are marked to an indicator above the current market rate for 5-year and 10-year U.S. Treasuries. Long-term financing is available up to 10 and 20 years.

SBA 504 Benefits:

SBA 504 Application Loans for new 504 Business Ninety Percent (90%) Loan-to-Cost Financing.

We can provide up to ninety-percent (90%) financing of the total project cost, which includes the land, construction and/or renovations, soft costs and closing costs.

SBA 504 Application Loans for profitable company Long term financing.

Increase your business cash flow and choose the financing terms which make sense for "your business." Save money not having to refinance in 3, 5 or 7 years.

SBA 504 Application Bad Credit Small 504 Business Loans Below Commercial Market Fixed Interest Rate Loans

Take up to 25 years to repay your commercial SBA 504 loan. A SBA 504 Loan does not have a Pre-payment penalty if you decide to payoff the loan early.

SBA 504 Application Small 504 Business with Bad Credit Have been turned down by bank(s) for bank financing.

Because of the lower down payment, equity requirements and market conditions we can approve more borrowers than conventional commercial bank loans.

SBA 504 Application Need expansion loan for small 504 Business No Balloon Payments.

Don't be vulnerable 3 to 5 years from now. Lock in your long term fixed-rate loan.

SBA 504 Application SBA Loan Assumable Financing.

If you decide to sell your property, pass on your below-market, fixed interest rates that came with the original loan to your buyer.

 

Let our team of certified SBA lending professionals and cutting edge technology work to your advantage. We have 504 Business loan programs for all company types. Call us today for our 504 Business loans requirements.

 

If you want 504 Business capital, in as little as 30 business days, then all you have to do is complete our simple consultation form, Start Now, and we will be in touch with you right away

 

Just because you have been turned down by another bank should not stop you from speaking to us....


Receive an 504 Business Loan Today!