WHY DO BANKS AND NON-BANK LENDERS LIKE THE 504 LOAN PROGRAM?
Lenders like the 504 program for a variety of reasons. 1) They get a 50% loan to value on the project, which allows them to finance projects they typically would not. 2) They can help their customer by requiring a lower down payment than they typically would require. 3) It makes it easier for them to make additional loans to a borrower for second locations or lines of credit because they have a lower amount of debt with the customer. 4) Smaller community banks throughout the state can often times make larger loans than their legal lending limit would allow by using 504. 5) The lenders first mortgage loan can be structured where it can usually be sold at a very profitable premium with no recourse. 6) We do the SBA paperwork… not the bank!

WHY DO BUSINESSES LIKE THE 504 LOAN PROGRAM?
Businesses like the 504 program for its lower down payment and twenty year fixed rates on the SBA portion. It also lowers their exposure with their favorite bank, making second locations, vehicles, or lines of credit easier to fund.

• CSRA Business Lending now makes SBA-504 loans throughout Georgia.

• Due to several recent payoffs we have over $300,000 available in our Rural Loan Fund. Click on Rural Loan Fund for info.

• SBA 7(a) Program maximum $2,000,000, maximum guarantee $1,500,000. Visit www.SBA.gov for more info.