Ocean Pacific Capital is your source for all your SBA 504 financing needs
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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
8/20/19

Oil Prices Keep Climbing
Posted on Monday August 19, 2019

WTI and Brent finished higher for the third consecutive trading day.

US Sanctions Force Iran to Ditch Cleaner Fuels Push
Posted on Monday August 19, 2019

Iran is about to burn a lot more fuel oil as a result of U.S. sanctions and new global shipping rules, reversing the nation's progress in switching to cleaner-burning natural gas.

BHGE Wins Louisiana LNG Project
Posted on Monday August 19, 2019

Earlier Tuesday, Venture Global noted that it had reached a favorable final investment decision and closed project financing.

Newly-Formed Indianola Energy Gets $100MM Equity Commitment
Posted on Monday August 19, 2019

U.S. investment firm Kayne Anderson has launched a new venture to pursue the acquisition and development of highly-proven resource plays in North America.

Motiva to Join US Chemical Industry
Posted on Monday August 19, 2019

Flint Hills Resources' Port Arthur Chemical Plant in Southeast Texas. PHOTO SOURCE: Flint Hills Resources

Shale Bond Buyers Get Picky
Posted on Monday August 19, 2019

After years pouring funds into the shale boom, bond buyers are getting increasingly selective.

Aramco Said to Pick Lazard and Moelis for IPO
Posted on Monday August 19, 2019

Saudi Aramco has picked Lazard Ltd and Moelis and Co to advise on the oil giant's second attempt at the world's largest IPO, people with knowledge of the matter said.

Subsea 7 Urges Engineers to Convert to Oil
Posted on Monday August 19, 2019

Subsea 7 is inviting experienced engineers from all sectors to forge a new career in the subsea oil and gas industry.

Equinor Makes Sputnik Oil Find
Posted on Monday August 19, 2019

Equinor makes an oil discovery in the Sputnik exploration well offshore Norway.

Oil Steadies as Demand Concerns Allayed
Posted on Monday August 19, 2019

Oil steadied near $56 a barrel as hints of trade detente between the U.S. and China and the prospect of monetary stimulus buoyed financial markets.

Wall Street Journal
Commercial News

8/20/19


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Charles Elfsten, President
Charles A. Elfsten
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