SBA 7(a) loans are the daily prime rate, which changes based on actions taken by the Federal Reserve, plus the lenders spread, & was designed for working capital, but can also be used for real estate.
SBA 504 finances 40%, The lender finances 50% and your 10% injections makes up 100% of the total cost of the project
SBA 504 was designed for owner occupied, business real estate & Equipment purposes.
Conventional loans, generally fund faster than SBA loans, and offer shorter loan terms than the SBA loan program.
Conventional loans have various other qualifying factors, just as the SBA loans do.
Use of FUNDS
We Structure & FUND Business Loan's
Email: legacy@legacybranded.com
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