Ocean Pacific Capital is your source for all your SBA 504 financing needs
Call us toll-free at 1-800-595-1474
Call Us...Toll Free!

5-Star Mobile Home Parks
Apartments
Apartment Buildings
Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
Car wash facilities
Casinos
Church financing
Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
Energy
Ethanol plants
Factories
Factory outlets
Franchises
Gas stations
Golf courses
Grocery stores
Hospitality
Hotels
Housing developments
Independent living facilities
Industrial parks
Land acquisitions
Manufacturing facilities
Medical facilities
Medical offices
Mini storage
Mixed use
Mobile home parks
Movie theaters
Office buildings
Offices
Parking garages
Post Offices
Private schools
Raw land
Regional malls
Residential subdivisions
Resorts
Restaurants
Retail centers
RV parks
Senior housing
Shopping centers
Ski resorts
Special use buildings
Strip centers
Student housing
Tract development
Warehouse distribution centers
Warehouses
Wineries

 
 
 

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
8/14/18

Rule Change Cuts Demand for Canadian Oil
Posted on Monday August 13, 2018

Canadian heavy oil producers are facing a new barrier to marketing their crude.

Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move
Posted on Monday August 13, 2018

Ampelmann says its Aberdeen base has experienced increased business demand in recent months.

Unite Members Accept New Aker Mariner Offer
Posted on Monday August 13, 2018

UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform have accepted an improved pay offer.

Global Upstream Project Delivery 'Finally Hitting the Mark'
Posted on Monday August 13, 2018

Global upstream project delivery is 'finally hitting the mark', according to Wood Mackenzie.

Oil Drops on Strong Dollar, Turbulence in Turkey
Posted on Sunday August 12, 2018

Oil drops as economic turbulence in Turkey and the strengthening greenback heightens concerns about global oil demand.

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Posted on Sunday August 12, 2018

OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

PetroChina Mulls Suspending US LNG Purchases
Posted on Sunday August 12, 2018

PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.

ConocoPhillips to Cut US Staff in September
Posted on Sunday August 12, 2018

Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.

Iraq And Petrofac Sign $369MM Deal To Build Majnoon Crude-Processing Plant
Posted on Sunday August 12, 2018

Iraq signs a $369 million contract with Petrofac to build a new crude-processing facility in the giant Majnoon oilfield.

Merkel, Putin To Discuss Syria, Ukraine And Energy
Posted on Sunday August 12, 2018

Chancellor Angela Merkel and President Vladimir Putin will discuss the war in Syria, the conflict in east Ukraine and a disputed pipeline.

Wall Street Journal
Commercial News

8/14/18

WSJ.com: Commercial Real Estate

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
Top| Contact| Privacy| Licensing| Site Map| Resources
DESIGNED AND
POWERED BY

Ocean Pacific Capital