SBA 504 Loan

Unleash Your Business Potential with SBA 504 Loans

Ideal Financing for Hotels and Self-Storage Facilities

620

Minimum Credit Score

Varies

Maximum Debt To Income

90%

Maximum Loan To Value

$100M

Maximum Loan Amount

With 1 Application,130 Mortgage Lenders Will Compete For Your Business

Unlock unparalleled opportunities with a single application. Dive into a competitive marketplace where 130 top-tier mortgage lenders vie to offer you the best terms, ensuring you get the deal you deserve. It’s not just about choice; it’s about empowering you with the best options available.

🔒Does not Affect Credit. No SSN until you’re ready.

Innovative Mortgage is delighted to offer assistance with the SBA 504 Loan program, which is a powerful financial tool designed to support the growth and expansion of small to medium-sized businesses. This program focuses on long-term, fixed-asset financing and is facilitated through Certified Development Companies (CDCs) that are certified and regulated by the Small Business Administration.

Overview of the SBA 504 Loan Program:

Loan Structure: The SBA 504 loan is typically structured with the lender covering 50% of the project costs, the CDC covering up to 40% of the costs, and the borrower contributing at least 10% equity.
Loan Size: Loan amounts range from $125,000 to over $10 million, depending on the project and the borrower’s needs.
Interest Rates: Interest rates for SBA 504 loans are fixed and tied to the U.S. Treasury rate, providing stability and predictability for long-term planning.
Eligibility: To be eligible, businesses must have a tangible net worth not to exceed $15 million and an average net income after taxes of less than $5 million for the two preceding years.
Terms and Amortization: Terms are typically available for 20 years for real estate and 10 years for equipment, with fully amortized loans ensuring predictable payments.
Job Creation and Community Development: A key condition for approval is job creation or retention or meeting a community development or public policy goal.

Why Turn to Innovative Mortgage for Your SBA 504 Loan:

Expertise and Support: Our team provides guidance throughout the loan application process, ensuring your business meets all requirements and maximizing your chances of approval.
Customized Lending Solutions: Innovative Mortgage works with you to identify the best structure for your loan, taking into consideration the unique aspects of your business and project.
Diverse Lender Network: Our access to a range of lenders allows us to secure the most favorable terms and rates for your loan.
Streamlined Application Process: We assist with completing necessary forms, including SBA Form 1244, and uploading it to the SBA’s E-Tran system for an efficient application experience.

Get Started on Your SBA 504 Loan Application:

To begin the process for an SBA 504 loan, you’ll need to compile detailed financial statements, a summary of the project costs, and information on how the project will meet job creation or community development goals.

Contact Innovative Mortgage to kickstart your SBA 504 Loan application. Our seasoned team is here to provide support at every step, from initial inquiry to final approval, ensuring your business secures the funding it needs for its next big step.

Pros of SBA 504 Loans

High LTV

SBA 504 Loans allow up to 90% LTV, making it easier to finance your project.

Long Amortization

Enjoy the benefits of a long amortization period, up to 25 years.

Fixed Rates

SBA 504 Loans offer fixed-rate options, providing stability for your payments.

Cons of SBA 504 Loans

Lengthy Approval Process

The approval process for SBA loans can be longer compared to other loan types.

Strict Eligibility Criteria

SBA 504 loans come with strict eligibility criteria, including specific usage of funds.

Key Issues That Will Get Early Attention

Determine Eligibility

We'll help you understand the eligibility requirements and how to best position your application.

Navigate Loan Process

Our experts will guide you through the process, making it as smooth as possible.

Structure Your Financing

We'll help you determine the best structure for your financing needs.

Understand Long-Term Implications

Let's discuss the long-term implications of this loan, ensuring it aligns with your business strategy.

We're Simply Better and Not Just on Price...

We Have More Lenders and More Loan Programs

Diverse Choices, Tailored for You: With a vast array of lenders and loan programs, we ensure a perfect fit for your unique financial needs.

Our Loyalty is To YOU not the lender

Your Interests, Our Priority: Our commitment is to you, not the lenders, ensuring unbiased and dedicated support throughout your mortgage journey.

Non QM, Convert to Cash and Flexible Funding Options Available

Flexible, Innovative Financing: Explore Non-QM loans, easy cash conversion options, and flexible funding solutions tailored for your financial freedom.

🔒No Credit Pull, No Obligation.

Compare For Yourself

Explore the difference that sets us apart in the financial world. See how our innovative services and unmatched benefits distinguish us from the competition, ensuring you make an informed choice.

Lightning Loans

Local Bank Branch

Big Name Online Lenders

Shops Hundreds of Lenders

Scans Thousands of Programs To Find You The Best Available

Is Loyal to Borrowers and Not Lenders

Has Multiple No Tax Return Mortgage Options

Can Show You Conventional and Non QM Options

Multiple 100% Financing Options for First Time Home Buyers

Can Do Hard Money, Bridge Financing and Other Unique Funding Types

🔒No Credit Pull, No Obligation.

You need a tenacious loan officer who has obsessively over-prepared and knows every single trick in the book to secure the ideal mortgage for your unique situation

And that is exactly what you'll find when working with me…

Read What Our Happy Clients Have to Say

Don't Wait, Secure Your Perfect Mortgage Today

"Andres is dependable, reliable and productive to the highest degree. His services will be required by our company in the future, and unequivocally we will be contracting him."

"A true example of a multitasking 24/7 powerhouse with no deal is too small attitude coupled with creative thinking and always open mind!!!"

"Lightning Loans made the mortgage process so easy and stress-free. Their team is knowledgeable and dedicated to providing tailored solutions for each client. I highly recommend them." -

1. Unparalleled Access to Mortgage Options With a Single Application

With a single application, we’ll comparison shop thousands of loan programs across hundreds of lenders.

This includes conventional loans at 130 different sources, FHA loans at 130 different sources, and even bank statement or no tax return options. If a mortgage product exists, we have access to it.

No more wondering if you’re getting the best deal – we’ll make sure of it.

2. Expert Guidance and Outstanding Communication

With over two decades of experience working with clients, I’ve developed a keen sense of what my clients need and when they need it.

It’s almost like having a psychic connection!

I pride myself on putting my clients first and providing outstanding communication throughout the entire mortgage process.

3. A Faster, Easier Path to Perfect Mortgage Loans For Your Specific Situation

Say goodbye to the headaches and hassles of traditional mortgage processes.

With Lightning Loans, you’ll enjoy a streamlined, efficient journey that gets you to your goals faster and with less stress.

You’ve got enough to worry about, let us put your mind at ease with regard to your mortgage financing.

We only request the things that are absolutely necessary

4. The Peace of Mind Knowing You've Made the Right Choice Because You've Seen ALL Your Options

When you work with Lightning Loans, you’re not just getting a mortgage –

You’re getting a partner who is committed to your success.

We’ll go above and beyond to ensure that you’ve made the best possible choice for your unique situation.

These might just seem like words on a page but one conversation with us and it will be abudantly clear to we walk our talk.

Experts at your service.

Meet the experts committed to providing you with exceptional financial solutions

Andres Garcia

Loan Officer

Dedicated, high energy real estate expert that is adept at working with investors and traditional borrowers.

Your Contact

Andrew Kashella

Senior Vice President

Mortgage Industry veteran responsible for thousands of loan originations and billions in closings.

Bryan P. Ehrlich

CEO/General Counsel

Founder, Juris Doctor and Lead Counsel for Innovative Mortgage Services.