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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