SBA 504 Loans

The SBA 504 Loan Program helps small business owners expand their businesses through the purchase of commercial real estate or capital equipment. The SBA promotes the development of businesses by offering a number of loan programs that are tailored to the specific capital needs of growing businesses. The 504 program works by distributing the loan among three parties: the business owner (down payment), a conventional lender (bank), and a Certified Development Company (CDC).

Features

  • May include a lower required down payment and a longer-term fixed interest rate
  • Designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings, and machinery

Testimonial

We owe a great deal of gratitude to our personal lender and the services at West Gate Bank. They came to our rescue at a critical point in our company's recent past. Not only did they provide the lending and critical financial services we needed at the time, they continue to be an integral partner in maintaining our success with their constant nurture. Their support, business acumen, and generous helpful advice have been key in our company's accomplishments in an unquestionably challenging economic environment.
— Ted Eschliman, Co-owner, Dietze Music

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