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504 SBA loan
Posted on 1/26/10 at 2:18 pm
Posted on 1/26/10 at 2:18 pm
Anyone here know the minimum equity requirements for a 504 SBA loan?
Posted on 1/28/10 at 7:27 pm to SoggyNachos
It is a minimum of 10% but would increase 5% if the business is a start up and another 5% if the building is considered to be a "special purpose building" for a maximum of 20%. Remember that the percentage of the injection is of the total project cost which includes all the soft costs associated.
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