Calculate your estimated monthly payment. Simply enter information into all of the fields below. If you have questions, please see our FAQ section. If you have further questions, feel free to contact us.
% of Total
SBA 504 Loan
The above estimated structure is based on 90% financing. The actual amount of financing available will vary based on the project type, the applicant’s credit quality and based on the lesser of project cost and appraised value.
Bank interest rates are estimates and may be fixed or variable. The bank loan amortization is typically 20 to 25 years and may carry a shorter term or due date. Bank loan fees vary. You can negotiate rates and terms with your bank, provided they use at least a 10 year maturity.
The 504 rate is estimated based on current rates. The final rate is set at the time of loan funding. 504 rates are fixed for 20 or 25 years, typically at the 10-year Treasury rate plus 2 1/2 to 3%. 504 fees are to 2.65% of the 504 loan amount plus $2,500 and are financed with the project. 504 loans are fully amortizing loan with no balloon payments. 504 loans have a formula prepayment penalty in their first ten years.