Building for the Future
For businesses looking to acquire or improve commercial real estate or invest in long-term fixed assets, Queens Gate Bank offers SBA 504 Loans. This program is designed to provide long-term, fixed-rate financing, making it an attractive option for businesses seeking stability and predictability in their financing.
Key Features of SBA 504 Loans:
Commercial Real Estate Financing: SBA 504 Loans are specifically designed to support the purchase, renovation, or expansion of commercial real estate properties.
Lower Down Payments: Enjoy the benefits of an SBA loan with a lower down payment requirement, making it easier for your business to acquire valuable real estate assets.
Long-Term Financing: Secure fixed-rate financing with extended repayment terms, allowing for better financial planning and budgeting.
Job Creation: SBA 504 Loans promote job creation and economic development by encouraging businesses to invest in their communities.
The Application Process for SBA 504 Loans:
Applying for an SBA 504 Loan through Queens Gate Bank involves several key steps:
Consultation: Reach out to our SBA lending team to schedule an initial consultation. We’ll discuss your business’s real estate goals and financing requirements.
Documentation: Gather the necessary documents, including property details, financial statements, business plans, and personal financial information.
Application: Complete the SBA 504 Loan application with our assistance. We’ll guide you through the process to ensure all required information is accurately provided.
Credit Review: Queens Gate Bank will conduct a thorough credit review and assess your application for eligibility and approval.
Approval and Terms: Once approved, we’ll work closely with you to finalize the loan terms and conditions, including interest rates, repayment schedules, and any specific requirements.
Funding: After finalizing the terms, we’ll disburse the funds to facilitate your real estate acquisition or improvement project.