Applying for an SBA 504 loan starts with a call to SPEDCO. Here are a few resources that may help you prepare for the process.
SBA 504 Loan Structure Overview
SPEDCO works with the SBA to provide up to 40% of the total project cost. The participating lender normally finances 50% of the cost. The borrower typically puts down as little as 10% of the total project cost.
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651-631-4900
866-977-3326
%
Project Cost
Source of Funds
Interest Rate
50%
$1,250,000
Private Lender
Fixed or Variable
40%
$1,000,000
SPEDCO/SBA
Fixed
10%*
$250,000
Business Borrower
Total
$2,500,000
*Start-up AND/OR Special Purpose Building may require a higher percentage of equity.
Costs do not include fees.
Read through the loan application to learn more about the information you’ll need to provide to the SBA.
Calculate a Loan: Click to insert your own loan statistics to determine your monthly and annual payments.
Disclaimer SPEDCO hopes you find this information helpful but provides it "as is" and without warranty. SPEDCO is not responsible for errors or omissions. Government regulations and SPEDCO policies may change at anytime without notice. In all cases, government regulations and SPEDCO policies in effect at the time of loan application shall apply.
SPEDCO• 3900 Northwoods Drive, Suite 225 • Arden Hills, MN 55112 | 651.631.4900 • toll free 1.866.977.3326 | Email: spedco@visi.com
