On August 13th, SomerCor hosted a webinar titled, “SBA 504 Lending: Financing Solutions for Banks and Borrowers.” The presentation includes details on how the SBA 504 purchase and refi programs can help small business clients, while enabling banks to reduce credit exposure on commercial real estate and expand potential lending opportunities.

Give your clients options with the SBA 504 program:

  • Lower down payment – up to 90% financing for established businesses
  • Below-market interest rates – lower monthly mortgage payments
  • Long term rates 20 or 25 year fixed – no surprise balloon payments
  • Credit enhancement – bank has a 50% LTV for most projects
  • Increase working capital – additional liquidity to reinvest in the busines

If you would like to download the full presentation – which includes the PowerPoint slides, the webinar recording, a sample term sheet and program eligibility checklists – provide your information below and it will be emailed to you directly.

This presentation and additional documents are meant to be resources for bankers and small business clients. SomerCor values our partnership with the lending community and encourage you to contact one of our experienced loan officers today to access the SBA 504 loan program.

         

Brian Comiskey              Elisabeth Williams       Eric Bacon                     Joseph Bailey
Chief Lending Officer    VP, Loan Officer            VP, Loan Officer           AVP, Loan Officer
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