SBA 504 Tag

SBA offers financing through a lot of different programs; each with its own peculiarities and specificities. While all financing products are equally important and crucial, 7(a) and 504 are two of the most popular programs as they offer flexibility, lower down payments, and favorable prepayment terms. Even though most business owners are savvy and understand the nuances of financing terms, getting a fixed or a floating interest rate on their loan still causes unwarranted complexities.  SBA approved lenders who sell their loans earn higher premiums on variable (floating rate) loans. This higher profitability in variable rates is countered when lenders typically ask for higher servicing fees for fixed-rate loans. The type of interest rates that banks offer mostly depend on factors...

Working via Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, the OmSai Ram Investment Group has acquired tenant improvement, FF&E, interest carry, and working capital financing necessary for the build-out of a new Burgerim Franchise. A Cincinnati-based commercial real estate and business finance advisory firm, Cornovus Capital advised and arranged a SBA 7(a) loan facility, which featured four months of interest-only payments, followed by 116 months fully amortized. The loan pricing was WSJ +2%. Cornovus arranged the request through a Midwest bank. For more than 25 years, Gerard Dehner, Managing Partner, Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including Debt Funds, SBA, CMBS, Life Insurance Companies, Hedge...