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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
10/17/18

Chevron Donates $500K for Hurricane Relief
Posted on Tuesday October 16, 2018

Chevron announces a contribution of $500,000 from the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Michael.

Dramatic Decom Cost Cuts Needed
Posted on Tuesday October 16, 2018

Oil and gas operators worldwide need to dramatically slash the costs of decommissioning wells and installations, according to a new report from the Boston Consulting Group.

Global LNG Demand to Outperform
Posted on Tuesday October 16, 2018

Demand for LNG will post strong growth to 2027, outperforming the wider energy complex, according to oil and gas analysts at Fitch Solutions Macro Research.

Oil Steady as Data Shows Drop in Inventories
Posted on Tuesday October 16, 2018

Oil held gains after an industry report showed an unexpected drop in American crude stockpiles.

Oil Rises After Industry Reports Surprise US Crude Stock Draw
Posted on Monday October 15, 2018

Oil popped higher after an industry report showed an unexpected decline in US crude inventories.

Near Term Future of Saudi Oil Sector Examined
Posted on Tuesday October 16, 2018

Analysts from Verisk Maplecroft and EY comment on the near-term future of Saudi Arabia's oil and gas sector.

Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm
Posted on Monday October 15, 2018

Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.

Natural Gas Helps Texans Save Almost $60B in 10 Years
Posted on Monday October 15, 2018

A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production.

Gibson Jumps as Canadian Crude Woes Seen Boosting Tank Provider
Posted on Monday October 15, 2018

Gibson Energy Inc. surged the most in more than a year after announcing a plan to build 1 million barrels of new oil-tank space in Western Canada.

Shell, Equinor Commit to Tanzania LNG as They Await Host Accord
Posted on Monday October 15, 2018

Shell and Equinor say they're committed to a project that will allow the export of natural gas from Tanzania.

Wall Street Journal
Commercial News

10/17/18


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