Commercial Financing with just 10% Down
Northwest Federal partners with a local Certified Development Center (CDC) to cover up to 90% of project costs. The SBA 504 Loan Program promotes economic development opportunities in the community by providing affordable financing to expand your business. The Credit Union provides 50% of the financing, the 504 Loan provides up to 40%, while you, the business owner, contributes as little as 10%. With a 504 Loan, the Credit Union may also provide certain terms that may be more beneficial to your business than you might receive with a conventional loan.
A SBA 504 Loan may help your business grow with:
- Down payment as low as 10% – preserves your cash for working capital
- Competitive 20 and 25 year fixed interest rates – on CDC portion
- 20 or 25 year fully amortized loan – reduces month cash requirements
- Project financing – both hard and soft costs could be included
Our Commercial Lending team will help you obtain financing with competitive rates and terms to meet your unique business needs.
For more information or to apply today, contact us: