Consider A 504 Loan

SBFC is a Premier Certified Lender (PCL). As one of less than 30 PCL lenders in the United States, SBFC can approve small business loans locally and quickly without application to the SBA.

Your loan turn-around times are a highly competitive three to five working days. Under Arizona banking veteran, President Teresa Mandelin, SBFC has a remarkable 100 percent predictability rate. Your qualified customers can count on being approved quickly and that the rules won’t change half way through the process.

Your loan exposure is only 50 percent on a 504 loan to buy existing buildings, machinery or equipment; or to convert, expand, renovate or construct new buildings. The borrower puts up 10 percent and SBFC funds up to 40 percent from a minimum of $50,000 up to a maximum of $5.0 million (including points and fees on building financing and delivery/installation on equipment, and for essential fees directly attributable to the project).

If your bank needs liquidity, the first liens on a 504 loan have an established secondary market with several buying firms. In some cases, your bank will not only get a premium on its sale of the loan but will retain a servicing fee.

Your involvement in the 504 program can also be a positive item for any Community Reinvestment Act (CRA) matters.