Why Choose Security National for a SBA 504 Loan?

Security National has been doing all kinds of business loans for over 30 years, so you will always get the best loan for your business.  Along with all the experience Security National has, they are a direct lender, so you will get the direct loan price.  Not one which has been inflated by multiple middle men.

Read Security National's features below to learn the kinds SBA 504 loans we specialize in then go to our Online Calculator and see how we can help you!

Features of Security National's First Mortgage Loan

1. Maximum loan amount: up to $4 million. Preferred loan amount between $1 and $2 million
2. Maximum loan to values( first lien) – 50%.
3. Maximum maturity – 25 years, fully amortizing
4. Rate – fixed for up to 10 years, 5 year rate fixing preferred.
5. Fee – 1%
6. Minimum debt service coverage( DSC) – 1.20x
7. Management Experience – prior ownership & management preferred
8. Equity Injection – 10-20%
9. Collateral ( 1^st position ) – real property
10. Guarantees – shareholders with 20% or greater ownership

Selected Features of CDC/SBA Second Mortgage Loan:

1. Maximum maturity – 20 years
2. Rate – set monthly by the secondary market, fixed for 20 years at rates below commercial market rates.
3. Collateral ( 2^nd position ) – real property
4. Fees – Up to 3% which can be included in the loan balance.
5. Loan amount – Up to 40% of the project cost.