504 Basics

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Want to Put Less Money Down and Get Lower Interest Rates?

Take Advantage of the SBA 504 Loan With WBD.

BUY

MORE INFO

BUILD

MORE INFO

REFINANCE

MORE INFO

Want to Put Less Money Down and Get Lower Interest Rates? Take Advantage of the SBA 504 Loan With WBD.

BUY

BUILD

REFINANCE

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Help Your Clients Grow With WBD and the SBA 504 Loan Program

 

The SBA 504 Loan is a valuable tool for any lending institution aimed at helping small businesses grow and create jobs. The advantages for both the institution and borrower are numerous.

 

Advantages of the 504 Program for Lending Institution

 

  • Your 50% LTV position from the outset, and first position to collect if things go wrong, reduce your risk and allow you to take a few more chances on growing businesses.

  • Utilizing the program may allow you to do deals in excess of your legal lending limit. Additionally, WBD is the only participant you can find that is not interested in stealing your customer relationship.

  • Unlike the SBA 7(a) program, your staff does not need to have any SBA training or experience. WBD handles all of the SBA forms and contacts for you and your client.

  • Win more deals with the super competitive, long term fixed rates the 504 program offers.

 

Advantages for your Borrowers (even vs. the SBA 7(a) Program)

 

  • Low Rates! Because we raise our money by a debenture sale our rates are about as good as you can find!

  • Long Terms! Up to 25 years

  • Fixed Rates! Our rates are not only low, but fixed for the life of the loan!

  • Less Money Down! Most often working with WBD will mean your customer will need only 10% down.

  • Way less fees than the 7(a) program for loans over about $300,000. The larger the loan the greater the savings.

 

INTERESTED, BUT WANT TO LEARN MORE?

 

504 Refinance Program

The SBA 504 Refinance Program has been fully updated with new rules set out by the SBA, making it easier than ever for business owners to refinance their existings loans:

 

Key Points of the Refinance Program:

 

  • Can now refinance SBA 7(a) and other government guaranteed debt - some restrictions apply
  • Original use of proceeds for Qualified Debt was at least 85% to acquire or improve a 504 eligible asset which will secure the 504 refinance project
  • Loan to be refinanced must have been in place for six months
  • Appraisal required, current within 12 months
  • WBD can work with any local lender
  • WBD handles all interactions and paperwork with the SBA for both banker and borrower

 

INTERESTED, BUT WANT TO LEARN MORE?