Construct, Purchase, or Renovate Building
Dakota BUSINESS Finance offers an SBA 504 loan product that provides the flexibility of a 10, 20, or 25-year fixed-rate loan for your commercial property, requiring just a 10% down payment on most projects. Additionally, refinancing options are also available.
Low Down Payment- Minimum of 10% down payment required
- Start-up Businesses require an additional 5% equity injection
- “Single Purpose” buildings require an additional 5% Equity Injection
- If your business is both a start-up and single purpose, the equity injection required is 20%
- Equity in the building or land can be utilized for down-payment.
- Rates are Fixed for the life of the loan
- Dakota Business Finance offers a 10 year, 20-year and 25-year fixed interest rate, fully amortized
- See our current interest rates HERE
Lets assume a $2 million construction project:
A typical bank conventional loan would look like:
With an SBA 504 loan through Dakota BUSINESS Finance, the same project would look like: