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According to Chris Hurn, CEO of Fountainhead Commercial Capital, SBA 504 loans are among the finest saved secrets in business finance if a business owner wants to purchase property.” We could not agree extra – 504 loans supply aggressive interest rates, reasonable maturities, very low down funds and enormous loan amounts. A 504 loan is actually composed of two separate loans: one from a financial institution for 50{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f} or more of the loan amount and one from a Certified Development Company (CDC) for up to forty{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f}. You’ll be required to place down at the least 10{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f} as a borrower, however evaluate this to an ordinary industrial actual estate mortgage which requires 20{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f} to 25{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f}, and you’ll see it is … Read more