2363 SW Glacier Place ~ Redmond OR 97756 |
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| Lisa Kyle | (541) 548-9541 |
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| Jim MacKinnon | (541) 548-9538 |
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| Joe Martinez | (503) 334-8663 |
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| Here are some of the benefits of using the Oregon Business Development SBA 504 loan program for owner-occupied commercial real estate: |
The SBA 504 loan program will finance 90% of the cost of commercial building purchases or new construction. Typically, most banks will finance only 75% to 80% of the appraised value of commercial real estate without using the SBA 504 program. |
| Using our SBA 504 loan program allows business owners to keep more cash for other uses and gain higher returns for their invested capital. |
| Financing closing and other soft costs with our SBA 504 loan helps keep out-of-pocket expenses to a true 10% minimum. |
| Working with the specialists at Oregon Business Development in cooperation with your bank makes the experience of buying commercial property as easy as possible. |
| Our SBA 504 loans are made without disrupting your existing bank relationship. We are a non-profit SBA Certified Development Company that only finances commercial real estate and equipment. We do not offer other financial products or services, and we work with any bank you choose. |
| Business owners can save money by getting the 20-year fixed interest rate available with our SBA 504 loan program. |
| Longer loan amortizations – 20 years for the SBA 504 portion and up to 30 years for the bank portion – allow for smaller monthly payments, which have less impact on business cash flow. And since at least some prepayment is usually allowed on the bank portion, business owners can have the best of both worlds: smaller monthly payments when cash flow is weaker, but the ability to prepay when cash flow is stronger. |
| Owning commercial real estate instead of leasing can reduce monthly expenses and eliminate annual rent increases. |
| Our SBA 504 loan program can make it possible to finance your commercial real estate project on terms that work well for both you and your bank. |
| Using the SBA 504 program, Oregon Business Development and your bank can also finance commercial real estate and equipment for new businesses. In addition, special-use properties (such as motels) can be financed using the SBA 504 program. Higher down payments apply in these situations (15% to 20%), but by using the SBA 504 program it is possible to get financing that might otherwise not be available. |