Add stability and predictability to your RV Park business by locking a portion of your real estate financing into a long-term, fixed-rate product using an SBA 504 loan.
A 504 loan has three components:
- Equity injection provided by the borrower – typically 10% of the project but can be 15% – 20% in certain instances as in the case of start-ups or unique situations
- Term loan provided by Bank Five Nine – typically 50% of the project
- Debenture loan provided by a Certified Development Company (CDC) – typically 40% of the project*
SBA 504 loans fund a variety of business needs including:
- Purchase, renovate or expand an existing property
- Construct a new facility
- Refinance existing debt
Nick Collins
VP, Business Development Officer – SBA Specialist
(262) 560-2016 | nick.collins@bankfivenine.com
