The SBA 504 Loan Program is a partnership program between a Certified Development Company (CDC) and a partner lender. Working in conjunction with qualified lenders, Across Nations Pioneers provides up to 90% financing for commercial property purchases, new construction, land purchases, machinery purchases, and relocation.
Across Nations Pioneers provides up to 40% of the total project cost with an affordable, fully amortized loan. The participating lender normally finances 50% of the project cost. The borrower typically puts down as little as 10% of the total project cost.
|Source of Funds||Loan Amount||%||Interest Rates||Amortization||Collateral|
|Partner Lender||$1,000,000||50%||Fixed or Variable||15 to 30 Years||1st Trust Deed|
|$800,000||40%||Fixed||10 or 20 Years
|2nd Trust Deed|
|Total Financing $2,000,000|
|*Start up or Special Purpose Building requires 15% equity injection
Start up and Special Purpose Building requires 20% equity injection