Estimated Project Costs    
         
    Project Name      
       
    Land & Building $    
       
    Land Only $    
       
    Construction Costs $    
       
    Equipment Costs $    
                 
    Professional Fees $    
                 
    Other Eligible Costs $    
                 
    Total Project Costs      
                                 
           
                               
    SBA 504 Loan Estimate    
       
    Total Project $      
       
    Bank Interest Rate   %    
       
    Bank Amortization   Years    
    504 Effective Rate   %   *Please choose a current SBA 504 Effective Rate from above as it corresponds to the selected 504 Loan Amortization term.  
    504 Loan Amortization  
Years    
                                 
       
                               
    Source   $   %   Term   Monthly Payment    
       
    Bank Loan            
         
    SBA 504 Loan            
         
    Cash Down Payment            
         
    Totals          
    Traditional 504 loans are 50/40/10. If property is single purpose, an additonal 5% down payment is required (15%).  If company is less than two years old, an additonal 5% down payment is required (15%). If property is single purpose and the company is less than 2 years old, an additional 10% down payment is required (20%).  
               
                       
    SBA 504 Fees   $    
             
    Net SBA Debenture      
       
    SBA 504 Fees (2.15%)      
       
    Closing Costs   $2,000.00    
       
    Gross SBA Debenture*    
   
                 
    Difference Refunded to Borrower by SBA      
       
    Fees collected at closing:    
       
    Third Party Lender's Fee      
    This fee must be paid by the borrower. It can not be financed in the SBA Note    
    * Rounded to nearest $1,000. The rounding difference is refunded to the borrower when SBA loan is funded.    
 
                                 
    Expense   Project Amount   Life   %   Weighted Maturity  
       
    Land and Building       20        
       
    Building Renovation or Expansion     20        
       
    Eligible Soft Cost       20        
           
    Machinery & Equipment       10        
       
      Totals          
       
    Debenture Term Available for this Project:      
    If the result is 10, then you may want to create two separate 504 notes; a 20 year note for the real estate and a 10 year note for the equipment.