Loan Programs

Fixed asset financing
Max SBA 504 loan of $5,000,000
Fixed interest rate for term of loan
SBA 504 loan term 10, 20, or 25 years
Minimum equity injection of 10%*

Typical Structure:

• 50% Bank
• 40% SBA 504
• 10% Owner injection

Real estate financing
Max RE RLF loan is $250,000 or 40% of project
Loan term not more than 20 years
Interest rate 2% below bank rate, floor of 2%
Down payment of at least 10%

Typical Structure:

• 50% Bank
• 40% SEDC RE RLF
• 10% Owner injection

Gap financing (working capital &/or fixed assets)
Max of $100,000 or 25% of project
Loan term based on collateral
Interest rate 2% below bank, floor of 3.5%
Down payment of at least 10%

Typical Structure:

• 65% Bank
• 25% SEDC RLF
• 10% Owner injection

• Working capital, inventory, equipment; no RE
• Max of $50,000
• Bank not required to participate in financing
• Max loan term of 6 years
• Interest rate fixed at 8%
• Down payment preferred
• Credit report information considered