SBA 504 Interest Rates | May 2024 | 10 Yr:  6.908%, 20 Yr: 6.656%, 25 Yr: 6.555% *rates may vary Learn More »

Financing Solutions for Real Estate Buyers

The SBA 504 program offers several benefits for commercial real estate projects, making it a valuable financing option for both you AND your client.

Close More Deals with the SBA 504

The SBA 504 loan program is designed specifically to provide financing for small businesses to grow and expand through purchase, construction, or improvement of commercial real estate property. Through this program, we will take care of the entire loan process, paperwork, coordination, servicing, closing, and underwriting, making it as easy as possible for you and your business owner. As the first line of contact in the commercial real estate world, knowledge of the SBA 504 program can help YOU sell more properties!

Benefits for Clients

The SBA 504 program can be a valuable financing tool for your clients looking to purchase real estate for their business.

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Attractive below-market, fixed interest rates

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Fixed occupancy costs

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Projected income consideration

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Min. 10% down payment (up to 90% financing)

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Get tax benefits and appreciation on real estate while locking in occupancy costs for 25 years

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Minimized out-of-pocket costs

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Up to $5M available for total projects over $12M

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Longer loan amortization (25 years)

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Can help finance renovations

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Appraisals not required for CRE projects of less than $500,000 (in most cases)

Enter your project’s information into our online loan calculator to see an example financing structure.

Borrower Qualifications

In order to qualify for the SBA 504 loan program, your project must meet certain criteria including:

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Real estate acquisition, construction, renovation, or expansion (including purchase of land)

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Organized as sole proprietorship, corporation, partnership, or LLC (owner-operated)

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Occupy at least 51% of existing property or 60% of new construction

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For-profit business

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Net worth less than $20 million and average net profit less than $6.5 million

Benefits for YOU!

Using the SBA 504 loan program not only benefits your clients, but makes you an even better and more resourceful real estate agent.

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Sell more properties

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Extra customer service opportunity

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Lower barriers to commercial real estate ownership

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Close a deal that might not have been possible with conventional financing

READY TO CLOSE MORE DEALS?

Dakota Business Lending is committed to its customers’ success and making the loan process as efficient and painless as possible. As the #1 SBA lender in ND, we strive to provide unique financing packages that will assist business owners with one of the biggest decisions and make commercial real estate ownership a reality. Contact us today to find out how you can better serve your clients through our unique financing programs!

Want to Learn More?

Fill out the short form below to get added to our email list, where you will receive updates on the SBA 504 and other resources to help you close more deals.

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