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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
4/23/17

Oil Falls Below $50 as Surging US Output Undermines OPEC Cuts
Posted on Thursday April 20, 2017

Oil dropped below $50 a barrel as investors lost faith.

Baker Hughes: US Drillers Add Oil Rigs For 14th Week In A Row
Posted on Thursday April 20, 2017

US drillers added oil rigs for a 14th week in a row, extending an 11-month recovery.

US Will Not Issue Drilling Waivers To Russia Sanctions
Posted on Thursday April 20, 2017

The US will not make an exception for American companies seeking to drill in areas prohibited by US sanctions on Russia.

Texas Adds Thousands of Oil, Gas Jobs in March
Posted on Thursday April 20, 2017

Thanks in part to increasing crude oil prices and exploration and production activity in onshore basins, Texas adds more than 3,000 jobs in March.

US E&P Budgets Rebound, Grow For First Time Since 2014 Downturn
Posted on Thursday April 20, 2017

US CAPEX and rig counts to drive production growth of 5% this year; drilling and completion spending to increase by 58% this year, according to Fitch Ratings' modeling.

Commodity Weekly: OPEC Rhetoric Fails to Rouse the Bulls
Posted on Thursday April 20, 2017

Oil market faces further downside risk if OPEC does not extend output cuts. Cartel rhetoric staves off lower prices in the meantime.

OGA Urging Industry to Increase Pace of Collaboration
Posted on Thursday April 20, 2017

The UK Oil and Gas Authority (OGA) is urging the industry to increase the pace at which licensees develop a culture of collaboration both internally and externally.

Schlumberger Expects Reactivation Costs To Squeeze Margins
Posted on Thursday April 20, 2017

Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.

Statoil Receives Consent to Drill Well in Barents Sea
Posted on Thursday April 20, 2017

Statoil ASA receives consent to drill an exploration well in block 7219 in the Barents Sea, Petroleum Safety Authority Norway has announced.

Israel's Delek Says Ithaca Shareholders Approve Takeover Bid
Posted on Thursday April 20, 2017

Israel's Delek Group says its offer to take over North Sea oil producer Ithaca Energy has been accepted by Ithaca's shareholders.

Wall Street Journal
Commercial News

4/23/17

WSJ.com: Commercial Real Estate

Office Market Swings in Tenants' Favor
The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.

Malls Deploy Technology to Lure---and Keep---Shoppers
Mall landlords faced with declining sales and disappearing stores are deploying smartphones, social media and other technology to lure customers?and then keep them spending.

New Shopping Centers, More Than the Web, Kill Old Malls
Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study.

Nashville Mall Turns to Madame Tussauds to Draw Crowds
Simon Property Group is hosting the nation?s first Madame Tussauds in a shopping mall, part of the retail landlord?s push to offer customers new experiences that go well beyond shopping.

The New Manhattan Office Trend: Penthouses
The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan.

One Kings Lane to Open Physical Store in Southampton
Online home décor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand.

Two More Retail Tenants Sign Onto Fort Lee's Hudson Lights Complex
Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex

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Charles Elfsten, President
Charles A. Elfsten
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