The Program: SBA 504
Below Market, Fixed Rate, 25, 20 or 10-Year Term

• Commercial loans for businesses acquiring fixed assets
• Fixed rate below-market financing
• Financing for real estate, equipment and refinance of renovation/expansion projects
• Term of 20 or 25 years for real estate; 10 years for equipment
• The assets may be owned by a separate entity

Advantages of SBA 504
Up to 90% Financing

• Long-term, below-market, fixed rate financing
• Equity requirement as low as 10% for Borrower
• Borrower can obtain up to 90% financing
• Bank can participate in larger transactions
• Bank benefits from a first lien at 50% LTV
• Bank sets its own interest rate and fees
• Borrower does not pay a deposit or any up-front application fee
• Borrower receives a simultaneous, expedited closing with low legal fees
• **Minimum Borrower Equity**

GSDC VetLoan Advantage Program
Up to 90% Financing 

• Veterans with 51% ownership of the SBA 504 small business applicant are eligible
• GSDC will reduce the CDC processing fee from 1.5% to 1%
• GSDC will pay 100% of Third Party Lender fee up to $5,000

Note:  When applying for the VetLoan Advantage Program, we will need a copy of your DD214 Certificate of Release or Discharge From Active Duty-the report of separation form issued when leaving the military.  For further information, go to Military Status and Verification (https://www.servicememberscivilreliefact.com).