SBA 504-7a Loan Comparison
This will give you an overview of the SBA 504 and SBA 7(a) loan programs and compare the features of each. For more information, click here to contact a loan officer in your area.
| Purchase of Real Estate – $3,000,000 |
SBA-504 LOAN
|
| Bank (50%) |
$1,500,000 |
| SBA 504 (40%) |
$1,200,000 |
| Equity (10%) |
$300,000 |
| Total |
$3,000,000 |
| Fees related to the SBA 504 Debenture |
$39,460 |
| Third Party Lender Fee |
$7,500 |
| Total |
$46,960 |
|
SBA 7(a) LOAN
|
| SBA 7(a) |
$2,700,000 |
| Equity (10%) |
$300,000 |
|
| Total |
$3,000,000 |
| SBA 7(a) Guaranty Fee |
$73,438 |
|
| Proposed Debt Service |
SBA-504 LOAN
|
| Bank |
$1,500,000 |
15 yrs @ 6% |
$151,896 |
| SBA 504 |
$1,240,000 |
20 yrs @ 4.3% |
$92,544 |
| Total |
$244,440 |
|
SBA 7(a) LOAN
|
| SBA 7(a) |
$2,700,000 |
15 yrs @ 6% |
$273,420 |
|
