by Rob SimoglouMarch 5, 2012
New SBA 504 Commercial Real Estate Lending Program announced by Avant Capital Partners.
Avant Capital Partners, a direct commercial real estate lender, is pleased to announce a new SBA 504 Lending Program. The SBA 504 Loan program is a powerful economic development tool that offers small businesses a competitive avenue for financing business oriented real estate, while promoting business growth, and job creation in local communities. The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization.
Avant Capital is the senior mortgage lender under the SBA 504 loans it originates and the secondary financing is made available through CDCs (Certified Development Companies, SBA's community based partners for providing 504 Loans). A CDC is a nonprofit corporation that promotes economic development within its community through 504 Loans. CDCs are certified and regulated by the SBA, and work with SBA and participating lenders, like Avant Capital Partners, to provide financing to small businesses, which in turn, accomplishes the goal of community economic development.
SBA 504 Loans are typically structured with the SBA providing 40% of the total project costs, a participating lender, such as Avant Capital, covering up to 50% of the total project costs, and the borrower contributing 10% of the project costs. Under certain circumstances, a borrower may be required to contribute up to 20% of the total project costs.
AVANT Capital’s current interest rates for its SBA 504 loans range from 3.95%-6.75%. The company makes loans between $500,000 and $10,000,000.
The 504 Loan program offers small businesses both immediate and long-term benefits, so business owners can focus on growing their business. Some of the top-level benefits include:
- 90% financing;
- Longer loan amortizations, no balloon payments;
- Fixed-rate interest rates; and
- Savings that result in improved cash flow for small businesses
About Avant Capital Partners- Avant Capital Partners is a capital advisor and direct commercial real estate lender. The company provides commercial mortgages for stabilized and in-transition investment properties nationwide. They offer permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in-transition. Avant Capital Partners originates commercial mortgages nationwide for multifamily, commercial, and bridge loan transactions.
For more information about Avant Capital Partners, please contact:
News Source: http://www.free-press-release.com/news-avant-capital-partners-announces-new-sba-504-commercial-real-estate-lending-program-1330984050.html
|Company:||Avant Capital Partners|
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