504 Loans to purchase business with large asset base

February 18, 2025
by an intermediary from Northeastern University in Minneapolis, MN, USA
If I were to purchase a business for the fair market value of the building and equipment used to operate the business, could I use one 504 loan with 25 year amortization at the lower fixed rate (vs. 7a) for the entire purchase price? Or would there be some type of allocation towards the equipment at different terms (or another structure)?
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from University of Southern California in Los Angeles, CA, USA
Would love to help you with your SBA loan, whether 7a or 504. We work with all the major SBA lenders. The bank pay us after your loan closes, so this is a 100% free service for you. You can also click here to schedule a meeting with me: https://cal.com/ishan-jetley-3d73m8/30min. Look forward to chatting!