HORIZON SMALL BUSINESS LENDING

WE MAKE LOANS

SBA 504 FINANCING

Conventional:
Owner-Occupied

Success stories

Project Total: $4,430,000
Loan Type: SBA 504 Loan

Project Total: $2,642,000
Loan Type: SBA 504 Loan

Project Total: $1,970,000
Loan Type: SBA 504 Loan

Project Total: $4,750,000
Loan Type: SBA 504 Loan

Project Total: $14,001,500
Loan Type: SBA 504 Loan

Project Total: $3,050,000
Loan Type: Conventional

FAQ'S

  • The Top three reasons to own a commercial building instead of leasing are:

    Build equity – every payment made is an investment in a business owner’s future.
    Stabilize occupancy costs – you don’t have to worry about unexpected rent increase the monthly payment is always the same.
    Preserve cash – in many cases, the monthly payment to own is less than the rent.

    Read More

  • Buying vs. Leasing Checklist

    Top questions to ask if you’re considering purchasing commercial property
    Review your business’ needs for today and tomorrow
    Consider the financial implications
    Evaluate the idea of being your own landlord

    Read More

  • What are the main advantages of a 504 loan?

    low down-payment requirements long repayment terms (25 years) projected income is considered, not just historical cash flows collateral may be less critical in loan qualification decisions.

  • How is a 504 loan deal structured?

    Most 504-financed purchases are for office, retail or industrial buildings. SBA-504, fixed-rate loans finance 40 percent of the total purchase. A bank or other lender provides 50 percent and the business owner contributes a 10 percent down payment.

  • How long does it take to get a 504 loan done?

    Straight purchases usually require no more than 60 days. If construction is involved, this can extend the process. Construction and tenant improvements are typically financed via a bridge loan. The permanent 504 loan takes out the bridge loan.

  • What are the fees involved and how does prepayment work?

    The fees for a 504 loan, which are financed in the loan, are approximately 2.625%. There’s also a fee for legal review. Fees are negotiated for the 50% bank loan accompanying the 504 loan. Weighted average fees for both loans are 1.5%.

  • Can soft costs be included in a 504 loan?

    Yes, "soft costs" (e.g. appraisals, environmental, construction interest, closing costs) also can be financed in the 504 loan, allowing the small business to preserve working capital.

Loan Products

SBA 504 FINANCING

  • Financing for the purchase and possible refinance of commercial mortgages
  • Projects sizes up to $20 million
  • As little as 10% down payment (up to 90% combined loan to value financing)
  • 25 and 30 year fully amortizing loans
  • Fixed and variable interest rate options
  • Must meet SBA eligible lending criteria

Conventional:
Owner-Occupied

  • Financing for purchase, tenant improvements and refinance of commercial mortgage
  • Loan amounts up to $10 million
  • Up to 75% loan to value financing
  • Up to 25 year fully amortizing loans
  • Fixed and variable rate options
  • Competitive interest rates

LOAN RATES AND FORMS

Click here to access loan application and rate forms

Our available loan products put financing within reach for small businesses, with low down payments and long-term, low fixed interest rates – ranging from 5, 7, 10, and up to 25 year fixed terms.

ABOUT HORIZON

Horizon Small Business Lending Solutions is the preeminent non-bank lender for SBA 504 and Conventional financing solutions to small and mid size businesses nationwide.

We are your specialized loan service provider; doing more than just talking about loans … We Get Deals Done!

Our Partnership Lending program provides a unique product offering and pricing structure that is designed specifically for SBA 504 and Conventional Owner Occupied Commercial Real Estate.