Explore 504 Loan Solutions
The SBA 504 loan can be used for new construction, renovations or other improvements. Business owners may build commercial property from the ground up or expand existing facilities.
It’s our pleasure to help grow your business
Let’s say you own a food truck but your dream is to open a restaurant. We can make that happen. 10% cash down frees up cash to operate in the short term. We’ll provide you with a below market, fixed rate that is fully amortized with no additional collateral required. This means you can buy that building instead of renting it, use the savings to invest back into your business and enjoy a nice. little tax break come tax season. This is just one solution the 504 loan can provide. If you have a vision for your business and need some extra funding to realize that vision, we can help secure your funding.
This is how it works
We will start working on your preliminary loan approval within 24 hours of receipt of your loan application, 3 years business financial statements or tax returns, a schedule of business debt, and authorization to obtain credit reports.
Collaborate with the bank
The AZCS project team collaborates with the bank and the borrower to obtain final SBA 504 loan approval and achieve the scheduled close of escrow date. Our records its loan documents at bank close of escrow.
The SBA 504 loan is funded to pay off the bank’s interim loan when the project is completed and a Certificate of Occupancy is obtained. We can fund your SBA 504 loan as quickly as 45 days from the time of occupancy.
The interest rate on our SBA 504 loan is determined a week before the scheduled funding date. Loans are funded once per month and loan payments begin on the first day of the following month.
Why a 504 Small Business Loan?
- Low fixed interest rate
- Preserve cash flow
- lower monthly rental cost
- No balloon payments
- Manageable and predictable monthly payments
- Premium Customer Service
The 504 loan covers many different uses. Our payment calculator will give you rough estimates. The best way to find out if the 504 is the right tool is to talk to one of our experienced loan officers.