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Loan Structure
How is an SBA 540 project structured?
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.
% |
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 |
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*Start-up AND/OR Special Purpose Building may require a higher percentage of equity.
Costs do not include fees. |
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