A Non-Profit Certified Small Business Development Company Offering LOW INTERERST Financing for Business in Louisiana
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Loan Programs: SBA 504

SBA 504 (Small Business Administration)
allows for the following loan purposes:

  • Land acquisition and improvements
  • Purchase and/or renovate existing buildings
  • New construction
  • Equipment, furniture and fixtures
  • Project professional fees
  • Interest and 'Points' on interim loan

 

Typical Financing Structure for the Above Loans:

  • Bank - 50%
  • SBA - 40%
  • Borrower Injection - 10%.
    For a new business, Borrower Injection increases to 15%. Contact the RLC if other specifics are involved.

 

SBA 504 Loan Advantages:

  • FIXED rate for term of loan - normally below bank rates, no interest rate risk on SBA portion of debt
  • 20-year term on real estate
  • 10-year term on equipment
  • Preservation of capital due to low equity injection requirements
  • Most project fees (closing costs, appraisal, environmental and architect fees) can be financed
  • SBA Loan amounts up to $5 million to $5.5 million for manufacturers


Eligibility Criteria:

  • Business organized for profit
  • Combined tangible net worth of business and affiliates not to exceed $15 million
  • Combined net profits after taxes average less than $5 million for previous two years
  • Useful life of fixed assets must be a minimum of 10 years
  • Project must demonstrate job creation or retention

 


Regional Loan Corporation
3801 Canal Street
Suite 320
New Orleans, LA 70119
Tel: (504) 524-6172
Fax: (504) 524-0002

SBA 504
Interest Rate

5.2%*

20 years fixed**

 

 

 

* Rates are subject to change, based on the monthly debenture sale.   ** Terms may vary based on useful life of collateral.

Regional Loan Corporation 3801 Canal Street Suite 320 New Orleans, LA 70119 Tel: (504) 524-6172 Fax: (504) 524-0002

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