Why a SBA 504 Loan?

SBA 504 loans have become one of the leading financial instruments used to help small to medium businesses expand and increase production.

Benefits of a SBA 504 Loan

Here are the top 10 reasons why somone should use a SBA 504 Loan from Security National Life for Owner-occupied Real Estate:

1. Stop Paying Lease Payments- avoid continual increases in rent, build equity and have an additional source of cash flow in retirement.
2. Low Down Payment – finance up to 90% of the cost of the commercial real estate. Save your cash for the working capital needs of your business.
3. Low Fixed Rate – with the SBA 504 program, below market fixed rates are available to the qualifying business owner.
4. Lower Loan Payments- with low rates and loan terms up to 25 years, businesses preserve working capital with low monthly payments and also have the ability to  prepay up to 20% of the loan annually if excess cash is available.
5. Low Closing Costs- many of the closing and other soft costs can be financed, keeping out of pocket costs low.
6. No Balloon Payments – since the loans are fully amortizing, there are no balloon payments or calls to worry about during the life of the loans.
7. Loans Are Assumable- being able to assume the loans with the low rates of today could be a real plus if the property needed to be sold in the future.
8. No Change in Banking Relationship – Security National does not require or offer additional banking products or services, thus existing banking relationships remain.
9. Funding for Required Contruction or Remodeling – If your real estate acquisition requires a construction loan for remodeling or additions, we can provide the funding for that as well.
10. We Manage the Process – Security National will provide the borrower with the total support necessary to obtain the SBA 504 financing package, working with the SBA and its local representatives to make the project seamless.