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SBA 504 Financing

For over 31 years, Ocean Pacific Capital has offered SBA 504 Financing. SBA 504 loans mostly benefits growing business owners looking for long-term, fixed rate financing for major fixed assets (land and buildings). Our experience and knowledge of this type of financing allows us to assist our clients in obtaining the loan they best fit at one of the most competitive interest rates available in the market. There are important reasons that an SBA 504 Financing Program can benefit business.

First, the interest rates on the SBA 504 part of the financing project is fixed in the private capital market for life of the loan, which is usually 20 years. This is significant because the fixed interest rate and accountability of stable payments and debt services over a length of time (normally 20 years), provides a large advantage to business owners who are looking for future growth and planning cash flow requirements.

Secondly, under the SBA 504 lending program, the private sector lender will provide 50% of the financing for the total project. It is nearly not possible for a small business owner to secure or obtain the necessary 90% financing on a project. It is required that businesses put down at least 10% minimum contribution to the project. The exception is if the business is a start-up (start-up is defined by the SBA as a business that is one less than two years old), or is specialized and is single purpose use, then the business owner must put down a minimum equity contribution of 15%. And if the project comprises of a start-up business with a single specialized purpose, then the minimum equity contribution from the business owner(s) must be at least 20% and the maximum loan amount for the SBA 504 loan is 30%. The businesses are also required to pay for the associated related project costs, which can include site plans, zoning, engineering fees, appraisals, etc. These soft costs must be paid from working capital reserves or credit lines, but can be counted for and included in the total project cost calculation for the purposes of financial planning. Usually, 90% of the costs can be financed over the life of the loan. The SBA 504 loan can also stay with the project property if in the future, the business grows and needs to relocate or sells, the future buyer can assume the remaining portion of the SBA 504 Loan.

Lastly, the terms for the SBA 504 loan, for both 10 and 20 years, matches the life of the project asset.

For more information and to get started on this process today, call us to speak to an experienced SBA 504 commercial loan specialist.


Whatever your financing needs,
we will tailor a loan that's right for you.

 



Daily Oil & Gas and Wall Street Journal News
8/17/17

Nigeria State Oil Firm Says Its Production Costs Cut To $23 A Barrel
Posted on Tuesday August 15, 2017

Nigeria's production cost per barrel of crude oil is down to $23, the state oil company says.

Oil Slides Despite Steep Draw In US Crude Stocks
Posted on Tuesday August 15, 2017

Oil prices fell more than 1% even though US crude stockpiles declined by the most in a year.

Gadfly: Energy Transfer Offering Exposes Pipeline Parent Trap
Posted on Tuesday August 15, 2017

Investors gave a thumbs up to Energy Transfer Partners LP's decision to raise as much as $1.16 billion by issuing new units.

Ecuador's Esmeraldas Refinery In 'Critical' Situation Despite Overhaul
Posted on Tuesday August 15, 2017

The situation at Ecuador's state-run Esmeraldas refinery remains 'critical,' including problems with the catalytic cracking unit.

Trump Push for Natural Gas Exports Opposed by Manufacturers
Posted on Tuesday August 15, 2017

President Trump's effort to boost US energy is facing push back from manufacturers who say exporting more natural gas may undercut his 'America First' jobs focus.

IOC: Malaysia's Petronas Eyeing Stake In Indian LNG Import Terminal
Posted on Tuesday August 15, 2017

Petronas is looking to buy a stake in Indian Oil Corp's Ennore LNG import terminal, the Indian firm's chairman says.

Thai Oil Buys 1 Million Barrels North Sea Crude To Replace Mideast Oil
Posted on Tuesday August 15, 2017

Thai Oil PCL has bought 1 million barrels of North Sea Forties crude to be delivered in November

Woodside Sees Qatar Targeting New LNG Buyers With Supply Surge
Posted on Tuesday August 15, 2017

Woodside expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade and not cannibalize traditional Asian buyers.

Russian Watchdog Says Schlumberger-Eurasia Drilling Deal 'Has Big Problems'
Posted on Tuesday August 15, 2017

The acquisition of a 51% stake in Russia's EDC by Schlumberger 'has big problems' in the current political situation.

Saipem to Build Pipelines for Kuwait Refinery Project
Posted on Tuesday August 15, 2017

A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.

Wall Street Journal
Commercial News

8/17/17

WSJ.com: Commercial Real Estate

Shortage of Industrial Space on Long Island Squeezes Tenants
Long Island?s shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk County and off the island entirely, according to real-estate services firm JLL.

Supermarkets Face a Growing Problem: Too Much Space
A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals.

Excuse Me, You're Blocking My Sun
Australia?s rapid embrace of rooftop panels?now installed on one in four homes in some areas?has collided with another hot spot of investment, construction of apartments and homes.

1031 Exchange Real Estate Tax Break Faces Extinction
A much-loved tax advantage in the commercial real-estate industry is on the chopping block even as chances dim for the passage of a broad federal tax overhaul this year.

Mall Tenants Play Hardball In Lease Negotiations
Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances from mall owners.

Mall Project Denied on Former Shea Stadium Site
New York?s highest court on Tuesday blocked the development of a billion-dollar shopping mall on a Citi Field parking lot in Queens, affirming a ruling that the project needs legislative approval to proceed.

New Jersey Landlords Sweeten Perks With Ride-Hailing Subsidies
Food trucks and fitness centers are among the amenities that New Jersey office landlords have been using to attract tenants.The latest perk: Subsidies for digital ride-hailing services such as Uber and Lyft.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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