We've got three easy-to-digest pie charts that break down the different funding structures available for your business ventures. Whether you're expanding an existing business or starting fresh, understanding how you can leverage SBA 504 loans is key to making informed financial decisions.
1. Existing Business or General Purpose Building For those of you with an existing setup, here's a sweet deal: 50% of your project costs can be covered by a lender's loan, a significant chunk that takes the pressure off your pockets. The SBA 504 loan chips in with a substantial 40%, while your contribution remains modest at just 10%. This structure is ideal for businesses looking to grow without thinning resources.
2. New Business In Single Purpose Building Starting anew or investing in a single-purpose building? The pie looks a bit different here for you. You'll still enjoy a 50% coverage from a lender's loan, but the SBA 504 loan now accounts for 30% of the costs. Your stake in the game increases to 20%, a figure that balances investment with manageable risk.
3. New Business or Single Purpose Building Lastly, for those of you at the crossroads of new ventures or specialized facilities, here's a middle ground. A lender's loan covers half the costs, the SBA 504 loan provides a strong 35% support, and your capital contribution is set at 15%. It's a blend designed for those seeking to balance new beginnings with sound financial backing.
Each pie chart illuminates a path to achieving your business goals with the support of tailored financing structures. The differences reflect our understanding that no two businesses are alike, and flexibility is crucial.
Take a closer look at these charts and consider which slice of the pie best suits your current needs. Remember, a well-structured loan can be the ingredient that transforms your business aspirations into reality.
To discuss these options in more detail and how they apply to your specific circumstances, don't hesitate to reach out. We're here to help you navigate the SBA 504 loan landscape by connecting you with a lender who can help you achieve the most successful outcome.
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