Benefits for Borrowers
Bridgeway Capital will help you determine if the 504 Loan is the right fit for your small business.
Borrowers: 504 Loans Allow Growth Financing With a Low Down Payment
Bridgeway Capital will work with your business from start to finish.
If you are a healthy business whose expansion requires real estate and/or equipment, you may qualify for financing through the SBA 504 program with as little as 10 percent down.
Key Advantages for Borrowers
- Low down payment helps you save cash for daily operations
- Interest rates fixed for the life of the loan
- Long term brings your debt service in line with the cash flow generated by new (long-lived) assets
- 20-year term for real estate; 10-year term for equipment
- Available to start-up companies (additional equity required)
- Loan fees are financed
Bridgeway Capital will work with your business from start to finish. We package the application and handle all the SBA issues for you. We obtain the guarantee from the SBA, issue debentures on your behalf (which are then sold on the private bond market), ensure that funds are received on a monthly funding date, and service the loan after the closing.
What Else Should You Know?
As the borrower, you must occupy the building being financed since the program is targeted to help companies expand (and not to finance speculative buildings).
Please call us if you are interested in the 504 loan — we will provide you with more details and help you determine if the 504 loan is the best fit for you.
