The above estimated financing structure is based on 90% financing. The actual amount of financing for your project may vary based on the project type, number of years in business and appraised value.

Bank interest rates and terms are estimated and may be fixed or variable. The Bank loan amortization is typically 20 years and may carry a shorter term or due date. Bank loan fees will vary.

The interest rate for the 504 loan will be set at the time of loan funding and fixed for 20 years. 504 loans are fully amortized for the term, with no balloon payment. There is a pre-payment penalty on the 504 loan for the first half of the loan term.

*This estimate of your project financed through the SBA 504 Loan Program is based on 90% financing, and is provided as a general guideline only. This quote should not be interpreted as a pre-qualification or approval. The actual amount and terms of financing available from both your bank and from NSDC is dependent upon your specific project, and may vary. To obtain more information on the 504 Loan Program, please contact us.