| First Business Bank's SBA loans are designed to meet the needs of small businesses. As an SBA "Preferred Lender", we can provide the financing you need. |
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| 504 Loans |
| Proceeds must be used for a real estate purchase, construction of a real estate or tenant improvements, or purchase of machinery and equipment. |
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| The 504 Program cannot be used for working capital or inventory, consolidating or repaying debt, or refinancing. |
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| Interest rates on 504 loans are pegged to an increment above the current market rate for five year and 10 year U.S. Treasury issues or other index. Maturities of 10 and 20 years are available. Fees total approximately three (3) percent of the debenture and may be financed with the loan |
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| Collateral: Generally, the project assets being financed are used as collateral. Personal guaranties of the principal owners are also required. |
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