SBA 504 & 7a
Real Estate Funding Solutions offers for competitive rates for small businesses across the United States.
1. What is SBA 504 loan?
SBA or Small Business Administration refers to funding individuals to satisfy their financial needs to start or grow their current business.
2. SBA 7a loan vs 504
While 7a loans is used to purchase a business, 504 loan is mainly for commercial real estate.
3. What is the eligibility criteria for SBA 504 loan?
The eligibility for SBA 504 loan varies based on experience, credit score, as well as the income.
Benefits:
- Maximum loan amount is $5 Million
- Fixed rates for 504 loans
- No outside collateral is required