504 Loan Application Denver Urban Economic Development - preferredlendingpartners 2025

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SBA 504 loans offer valuable opportunities for small businesses to secure the financing needed for growth and development. With their favorable terms and government-backed guarantees, these loan programs reduce the barriers to accessing capital, making it easier for businesses to invest in their futures.
Low down payment: Speaking of down payments, the SBA 504 loan usually only requires 10% of the loan value down. A 7(a) loan will require between 10 and 15% down, and a conventional loan will require between 25 and 40% down. This makes the 504 loan the most affordable option available to most business owners.
SBA loans offer low interest rates, flexible loan uses and large loan amounts. While they are often a good choice for small business owners, these loans also have downsides, such as a lengthy approval process, collateral requirements and the need to personally guarantee the loan.
Because no two loans are alike, we cant guarantee exactly how long it will take to provide your financing. But most of the time it takes approximately 60 daysa period that is comparable with or better than most bank loans.
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