Looking for a way to attract
commercial clients? Try the 504 loan. Healthy businesses, which plan to invest in
equipment or real estate for their own use, could qualify for attractive financing using
the 504 loan
 program - in a way
that can help you meet policy and regulatory guidelines. The key advantages to the 504
program for your financial institution:
You have first lien position with
low loan-to-value, minimizing your collateral risk. You make your own credit decision and
use your own loan documentation. There is no SBA paperwork for you to complete, yet you
can comply with CRA. You set your own rate and fees.
By partnering with Lakeshore 504, we
can make the process easy. We will work with you and your client to tailor a financing
package that meets program guidelines and credit criteria of your client. We work directly
with your client to package, process, close, and service the 504 loan.
Click Here for
lender checklist. |
