Business Expansion FinancingTop 3 reasons your business should be using SBA 504 loans to buy, build or equip:
1. Drastically lower down payment requirements
Commercial bank capital injection requirements: 20% - 40%
504 financing capital injection requirements: 10% - 15%
2. Significantly better financing terms
Commercial bank terms: 5 – 7 year, Adjustable Rate Balloon, Higher rates.
504 financing terms: 20 year, Fixed Rate, Lower rates.
3. Streamlined qualification and delivery of funds
504 Kentucky is the Most Experienced and Most Efficient SBA 504 Loan administrator in Kentucky. We make the process fast and easy.
Contact Us Today
Louisville
Garry Throckmorton
811 S. 2nd Street
Louisville, Kentucky 40203
E-Mail: gthrockmorton (at) cvcky.org
Phone: 502.566.6076 x103
Fax: 502.566.6078
Lexington/Paris
Mike Hillock
509 High Street
Paris,Kentucky 40361
E-Mail: mhillock (at) cvcky.org
Phone: 859.340.4028 x102
Fax: 859.340.4052
Frankfort
Kim Bennett/Betty Mayes
975 River Bend Road
Frankfort, Kentucky 40601
E-Mail: kbennett (at) cvcky.org
bmayes (at) cvcky.org
Phone: 502.696.9444 x101
Fax: 502.696.9493
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Intended Uses- Acquisition of vacant land
- Acquisition of land and building
- Leasehold improvements
- Renovation of, addition to, or construction of a building
- Acquisition of equipment with a useful life of at least 10 years
- Associated soft costs: title searches and insurance; attorney fees; appraisals; environmental reports; architects; permits; surveys; installation of machinery; points on bridge loans; small amounts of furniture and fixtures, etc.
Experienced Bank PartnersAdvantages for Bank Partner- Maintain Client Deposit relationship
- 50% Loan-to-Value ratio
- 1st Position on collateral
- CVC handles ALL SBA Paperwork
CVC is the most experienced SBA 504 partner in the State of Kentucky. CVC is a nationally recognized SBA lender and we have offices across the state with local SBA experts.
Contact Garry Throckmorton or a local representative to discuss how CVC can help your clients close the loans they need with less risk and lower capital injections from the business owner.
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