The SBA 504 Loan Program
Three reasons why you should consider calling us for every owner-occupied real estate transaction
Subject to Congressional funding appropriations
Payment Relief and Fee Eliminations
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For all 504 loans APPROVED between February 1, 2021 and September 30, 2021, your customer will get SIX months of payment subsidies which includes principal, interest and fees. Subject to a cap of $9,000 per month, per loan.
- The Third Party Lender Participation Fee (.5% of 1st mortgage), paid by the borrower, is Eliminated for all 504 loans APPROVED between December 27, 2020 and September 30, 2021
- The CDC Processing Fee (1.5% of 2nd mortgage) is Eliminated for all 504 loans APPROVED between December 27, 2020 and September 30, 2021
