October 2020 Webinar SBA 504 Update: Credit Solutions – We Can Be Heroes
On October 20, 2020, SomerCor hosted a webinar titled, SBA 504 Update: Credit Solutions – We Can Be Heroes. September broke records as the largest loan funding month in 504 program history! Our presentation highlights SBA 504 program trends and opportunities to serve small businesses in a COVID-impacted economy.
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.
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 -Â additional liquidity to reinvest in the business
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.
