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504 SBA loan

Posted on 1/26/10 at 2:18 pm
Posted by SoggyNachos
Dutchtown
Member since Mar 2008
146 posts
Posted on 1/26/10 at 2:18 pm
Anyone here know the minimum equity requirements for a 504 SBA loan?
Posted by buckwheatbedead
ABBEVILLE
Member since Nov 2007
46 posts
Posted on 1/27/10 at 5:39 am to
standard rule is 10%
Posted by tigerfan4732
Monroe, Louisiana
Member since Jul 2006
20 posts
Posted on 1/28/10 at 7:27 pm to
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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