{"id":72,"date":"2019-01-19T23:00:03","date_gmt":"2019-01-19T23:00:03","guid":{"rendered":"https:\/\/ccdbusiness.org\/staging\/?page_id=72"},"modified":"2024-11-20T23:01:07","modified_gmt":"2024-11-20T23:01:07","slug":"sba","status":"publish","type":"page","link":"https:\/\/ccdbusiness.org\/staging\/sba\/","title":{"rendered":"SBA 504"},"content":{"rendered":"
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What is an SBA 504 Loan?<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The Small Business Administration\u2019s 504 Program was created in October of 1980 to provide financing for small business expansion. The SBA 504 Program provides funds for up to 40% of project costs for a term of up to twenty-five years at a below-market fixed rate.<\/span><\/p>\n

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The 504 program is earmarked for healthy, established businesses. It provides financing for land and building purchases, building construction, long-term leasehold improvements, and major equipment purchases. The program is designed for owner-occupied businesses; therefore, the small business must utilize the premises. The project must have a positive effect on employment and jobs must be created or retained because of the project unless a Public Policy Goal is met.<\/span><\/p>\n

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SBA Loans are one option that can help a small business owner who might be struggling to obtain financing. SBA loans are made through regular banks, but the SBA guarantees repayment of a portion of the loan, which helps reduce the bank’s risk. <\/span><\/p>\n

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How does it work?<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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There are several different types of SBA loans including the SBA 504 loan, which is often used to finance commercial real estate. SBA 504 loans are available to for-profit small businesses for the acquisition and improvement of owner-occupied commercial property. They offer fixed-rate, long-term financing with 90% loan-to-value and a 10, 20, or 25 year amortization schedule.<\/span><\/p>\n

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With a 504 loan, the bank provides 50% of the financing, the SBA provides 40%, and the business owner puts in the remaining 10%. This financing structure can provide a huge cash flow advantage compared to a traditional commercial mortgage, which may require a down payment of 20% or more. See <\/span>SBA’s 504 Loan Program factsheet<\/a> for more information.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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How do I start?<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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To find out if an SBA 504 loan is right for you, contact us today!<\/span><\/p>\n

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Michele Laird<\/strong>, Business Finance Manager, <\/span><\/p>\n

541-756-4101 x3, <\/span><\/p>\n

E-Mail Michele<\/u> <\/a><\/p>\n

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Louie Robida<\/strong>, Loan Officer, <\/span><\/p>\n

503-789-8191, <\/span><\/p>\n

l.robida@ccdbusiness.com<\/a> <\/span><\/p>\n

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Dan Betschart<\/strong>, Loan Officer, <\/span><\/p>\n

541-968-6354, <\/span><\/p>\n

d.betschart@ccdbusiness.com <\/span><\/p>\n

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Sandra Easdale<\/strong>, Loan Program Manager, <\/span><\/p>\n

Lane Council of Governments<\/span><\/p>\n

541-682-3359<\/span><\/p>\n

seasdale@lcog.org<\/a><\/p>\n

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Didi Aho,<\/strong> Loan Officer<\/span><\/p>\n

Oregon Cascades West Council of Governments<\/span><\/p>\n

(541) 812-1920<\/span> <\/span><\/p>\n

daho@ocwcog.org<\/span><\/p>\n

<\/span><\/p>\n

Jeff Hilderbrand,<\/strong> Loan Program Manager, <\/span><\/p>\n

Mid-Willamette Valley Council of Governments<\/a><\/p>\n

503-504-1613<\/span><\/p>\n

jhilderbrand@mwvcog.org <\/a><\/p>\n

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CCD is an Equal Credit Opportunity Lender.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

What is an SBA 504 Loan? The Small Business Administration\u2019s 504 Program was created in October of 1980 to provide […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-72","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/pages\/72","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/comments?post=72"}],"version-history":[{"count":30,"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/pages\/72\/revisions"}],"predecessor-version":[{"id":7723,"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/pages\/72\/revisions\/7723"}],"wp:attachment":[{"href":"https:\/\/ccdbusiness.org\/staging\/wp-json\/wp\/v2\/media?parent=72"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}