Mass Confusion? More SBA 504 Choices!
Did you know the SBA 504 program has three flavors?
There's the "Classic" we all know and love, the "I think I've head of the Expansion & Refinance" and the semi-brand new stand alone "504 Refinance."
With choice there can be confusion . . . but it's easy if you focus on what you want to achieve.
- Purchase a building . . . SBA 504 Classic
- Purchase a building and improve it . . . SBA 504 Classic
- Purchase land and construct a building . . . SBA 504 Classic
- Improve a building already owned . . . SBA 504 Expansion & Refinance
- Construct an additional building on property already owned . . . SBA 504 Expansion & Refinance
- Refinance land and building (up to 90% LTV) . . . SBA 504 Refinance
- Refinance land and building AND get some cash out (up to 85% LTV) . . . SBA 504 Refinance