Why CRE Developers
Choose
Wasatch Business Finance
Excel as a CRE Developer with Wasatch Business Finance as Your Partner
If you're looking for a Certified Development Company (CDC) that offers SBA 504 loans and exemplary service, you won't find a better option than Wasatch Business Finance. Unlike other Utah CDCs, we prioritize superior customer service and innovative financing solutions to help small businesses grow and succeed.
How to Utilize Wasatch Business Finance (WBF) as a Certified Development Company (CDC)
Wasatch Business Finance is a Certified Development Company (CDC) that partners with the Small Business Association (SBA) and other lenders to provide financing for small businesses' commercial real estate projects through SBA 504 loans.
CDCs like WBF help accelerate small business expansion, promote community economic development, and enable local communities to thrive.
CDCs are nonprofit organizations that work with top lenders to provide financing for small businesses, including real estate construction and other large projects. CDCs, like WBF, can help businesses acquire real estate and expand by offering loans for the purchase of new fixed asset equipment and upgrading real estate properties.
The SBA 504 loan program offers financing up to $5.5 million, with up to 25-year maturity terms, a fixed-rate, and funded by the government for up to 40% of the loan. This loan is only available through a CDC, like Wasatch Business Finance.
Working with a CDC like Wasatch Business Finance can help you secure an SBA 504 loan by reviewing your financials and issuing a pre-qualification letter. The SBA backing helps encourage banks to lend to small business owners with favorable rates, and the loans are funded by the government and a third-party lender, minimizing risk.
As a Commercial Real Estate (CRE) Developer, partnering with us can provide you with marketing tools to secure mortgage loans for interested buyers, help buyers structure their loans for increased chances of approval, and mitigate risks. WBF's loan program can help you access reasonably priced commercial real estate funding, leading to financial sustainability.
Partnering with Wasatch Business Finance as your CDC can help you utilize SBA 504 loans to acquire and upgrade commercial real estate, accelerate business expansion, and promote community economic development.
When you choose Wasatch Business Finance, you're choosing a partner who is dedicated to helping you thrive. Contact us today to learn more about our SBA 504 loan options and why we're the best CDC for your business needs. 385-799-6700
How CRE Developers Can Use the SBA 504 Loan to Sell More Commercial Real Estate
Commercial real estate agents can benefit from the SBA 504 Loan Program, which offers low down payments and affordable terms, making commercial real estate ownership a reality for business owners.
This can attract more clients to purchase their own commercial buildings, and there are several benefits to using SBA 504 Loans. For instance, it can help close deals that would not have worked with conventional financing, attract more buyers with access to 25-year fixed terms, finance multiple locations, and allow realtors to invest in their own office spaces.
SBA 504 Loans can be used to purchase land and improvements, construct new facilities, renovate existing facilities, purchase machinery and equipment, and refinance existing qualified debt.
To be eligible for SBA 504 Loans, the project must involve commercial real estate, the property must be owner-occupied, and the client must be a for-profit business located in the United States with a tangible net worth less than $15 million and 2 year average after-tax profit of less than $5 million dollars.
SBA 504 Loans can remove common barriers to selling commercial real estate.
The 504 Loan Program can help with liquidity issues by offering low down payments, allowing equity in land to count toward the down payment, and providing fully amortized financing for the life of the loan. It can also help with hesitations to buy by stabilizing occupancy costs with fixed monthly payments, building equity, customizing or retrofitting the building, and renting out unused space for additional income. SBA 504 Loans can also help with credit issues by enhancing credit participation with the SBA, lowering the bank's risk to only 50% loan-to-value, and fulfilling the bank's Community Reinvestment Act goals.
The SBA 504 Loan Program offers several benefits to buyers, including:
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Low down payments
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Low fixed interest rates
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long loan terms
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The ability to include FF&E
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Refinancing commercial mortgage debt
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Payment stability
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Protection from balloon payments
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Preservation of working capital
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No limit on total project size
Wasatch Business Finance is a non-profit SBA 504 facilitator committed to economic development, job creation, and the small business sector in Utah. Contact us direct for more information.
385-799-6700
We'd Love to Work With You! Contact Us.
385-799-6700