SBA Loan Financing
|
| Purchase Price: | $3,250,000 | - |
| Down Payment: | $325,000 | 10% |
| Bank Loan: | $1,625,000 | 50% |
| CDC 504 Debenture: | $1,300,000 | 40% |
| Total Project Costs: | $3,250,000 | 100% |
| Loan Structure: | Bank/1st | SBA 504/2nd | Total Financing |
| Loan Amount: | $1,625,000 | $1,300,000 | $2,925,000 |
| Interest Rate: | 6.36% | 6.15% | - |
| Terms: | Fixed | Fixed | - |
| Points/SBA Guarantee: | 1.00% | 0.65% | 1.65% |
| Amortization: | 25 years | 20 years | - |
| Total Fees: | $16,250 | $8,450 | $24,700 |
| Total Loan Amount: | $1,625,000 | $1,300,000 | $2,925,000 |
| Monthly Payment: | $10,830 | $9,426 | $20,256 |
| Estimated Owner Injection: | - | - | $341,250 |
Footnotes:
SBA:
- Will not finance non-profits.
Certified Development Company (CDC):
- CDC processes, approves, closes and services the SBA loans.
- The CDC is the direct lender for the SBA 504 loan program
- Interest rate will vary from lender to lender.
- Loan points will vary from lender to lender.
- 504 interest rate differs from the 1st TD.
- 504 guarantee fee is amortized into the loan.
- Bridge loan is put in place only until a permanent debenture on the 2nd TD is issued...approximately 30-60 days.
- The new stimulus package has temporarily reduced the SBA loan guarantee fee from 2.15% down to 0.65%
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RETURN TO SBA LOANS from sba loan financing flow chart
