SBA 504 Loans for Assisted Living Centers, Adult Day Care, Retirement & Nursing Homes
SBA 504 Loans are an excellent way to finance an Assisted Living Facility or an Adult Day Care Center.
Total Project Costs Upwards of $12,000,000 Now Possible
Due to the changes to the 504 loan program, SBA loans are now available for projects upwards of $12,000,000 if you go green. Loans are available for non-green projects of approximately $7 to $8 million.
To qualify for maximum financing you must produce enough of your own energy to significantly impact your energy usage and costs. This new version of the 504 - the green 504 loan - is an excellent tool for anyone looking to finance a senior care facility with long term, attractive commercial financing.
By going green you will be helping the environment and possibly significantly lowering your long term energy and operating costs and you will be doing it with the least possible out of pocket expense.
Commercial Financing with 15 to 20% Down
The 504 requires 15 to 20% down at a time when most banks and lenders are looking for 30% or more down. The amount of down payment is dependent on your level of experience in the senior housing industry.
The program is ideal for smaller, locally owned senior housing facilities, since it requires that the owner be "hands on."
More SBA 504 Loan info: 504 Loans
Please contact us at 1-800-414-5285 to find out how our expertise with the SBA 504 can help your business.
