On a recent deal, I had a customer caught between a rock and hard place while choosing which financing route to pursue. While going through the different costs and various benefits of both the SBA 7a and SBA 504 programs, it was hard for the client to make a choice. Ultimately they went with the SBA 504 program due to the 25 year fixed rate on a portion of the debt.
Here is a breakdown of both programs:
Nick Collins
Commercial Lender – Vice President
Bank Five Nine
155 W. Wisconsin Avenue | Oconomowoc, WI 53066
p: (262) 560-2016 c: (262) 468-6169 f: (262) 804-9926
nick.collins@bankfivenine.com
