Lender Inquiry
The U.S. Small Business Administration's (SBA) 504 Loan Program enables the lender to provide long-term, fixed-asset financing. Lenders can increase profits and reduce risk at the same time. The key to SBA's 504 loan is a certified development company (CDC), such as CenterPoint 504 nfp.
- Earn fees and profits on your first mortgage. Includes no fee restrictions on your portion of the financing
- Reduce risk with a 50 percent loan-to-value ratio. You have first lien position on 100 percent of the assets being financed with only 50 percent interest in the project.
- Retain your commercial account relationships while participating in the long-term financing.
- Make bigger loans. Total financing can be $3.75 million or more.
- Develop a secondary market in the bank's 50 percent first mortgage portion.
- Demonstrate compliance with the Community Reinvestment Act and extend your legal lending limits.
- Generate new business for years to come.
- Broaden the community's tax base.
- Stimulate the local economy through job creation and retention.
- Save time - there's no SBA paperwork for the lender.
For more information on CenterPoint 504 click here.