Take Advantage Now! Deadline: Sept. 27, 2012


Cash Out for Business Expenses.

Low Fixed Interest Rate for 20 Years at 5%!

CALL US AT (508) 822-1020

Refinance Small Business Clients with High Interest, High Monthly Payments on Buildings or Heavy Machinery and Equipment.

Refinance Small Business Clients Needing Cash Out of Their Building for Business Expenses- Rent, Utilities, Salaries, Inventory or to Pay Down a Line of Credit.


SBA 504 general structure of 50/40/10 applies – Bank 50%; SBA “504” 40%; Client 10% (equity on building);

Eligible business expenses must be substantiated by bank statements, cleared checks or paid invoices. (Incurred prior to refinancing or up to 18 months afterwards);

Debt to be refinanced qualifies if the original loan financed at least 85% of eligible “504” fixed asset costs.  The bank must certify that the debt meets all requirements;

Current commercial loan is eligible if it is the most recent refinancing of the original loan.  The loan must be “current”, no payments more than 30 days past due on original or modified payments including deferments (modifications by 10/12/11);

The commercial debt to be refinanced must have been incurred at least 2 years prior to date of application for the refinancing;

The project refinancing is based on appraised value. Appraisal can be no older than 6 months;

The debt to be refinanced must have been secured by the “504” eligible assets, and they must be collateral for the “504” loan;

The small business must have been in operation for at least 2 years prior to the date of application;

Expansion projects are not eligible as part of the refinancing;

Escrow account is not required for same institution debt;

Federally assisted loans such as SBA 504, SBA 7A and USDA are not eligible;

Business has to occupy at least 51% of an existing building at time of refinancing;

Job creation/retention requirements have to be met.



Knowledgeable & Experienced Staff in Your Region.

Lower Interest Rate & Fees for Your Client.

No Deposit.  No Application Fee until The SBA 504 Closes.  Legal Fees Can Be Funded.

Bank Closing & SBA 504 Closing Can Be Simultaneous
When Feasible.

SEED Pays the Bank Participation Fee of .5% up to $31,250 on a $12.5 Million Project.

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