SBA 7(a) Loan Overview Max loan amount:

7(a) $5,000,000 504(b) $20,000,000

100% Financing or 90/10. Closing cost, appraisal and/or working capital included.

Two-step loan. No payment required until renovations are complete for real estate purchase.

Interest rate: Rates are fixed at prime + 1.0 percent (minimum $1M).

Terms: Business Loans 7-10 years. Equipment 7-10 years. Real Estate 25 years amortized.

Fri 8 Mar 11:00am - 2:00pm8425 Firestone Blvd, Downey, CA 90241

https://downeychamber.org

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