How to qualify and apply for an SBA 504 loan?

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How to Qualify and Apply For an SBA 504 Loan?

• The Accredited Lenders Program is a superior
  designation for Certified Development Companies
  that have reached a high standard for processing
  and servicing SBA 504 Loans.

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To qualify for an SBA 504 construction loan, you
must meet the following conditions

• Credit Score You need to have a credit score of
  680 or higher
• Limited Outstanding Debt Your Debt Service
  Coverage Ratio should be no lower than 1.25
• Down Payment You must be able to satisfy the
  down payment requirement
• Proof of Payment AbilityYou will be required to
  show that you can reasonably afford the monthly
  payments of your loan
• Clean Financial HistoryIn addition to not having
  a lot of outstanding debt, you should also not
  have a history of recent bankruptcies,
  foreclosures, or tax liens.

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• 504 Capital Corporation is a leading CDC working
  under the ALP designation. When youre ready to
  apply for an SBA 504 Loan, our lending
  specialists have the experience and dedication it
  takes to take your loan from application to
  approval.

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We work with the SBA and CDC lenders in Maryland,
Virginia and North Carolina to connect them with
small business owners looking for financing
through CDC business loans. We handle all the
paperwork, walk borrowers through every step of
the way, and answer any questions.
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Contact Us
https//504capital.com/
Main-VA 501 Independence Parkway, Suite
330Chesapeake, VA 23320 Phone No. 757-623-2691
Richmond, VA 406 West Franklin Street, Ste.
208Richmond, VA 23220 Phone No. [phone]
North Carolina 4208 Six Forks Road Suite
1000Raleigh, North Carolina 27609 Phone No.
919-645-5735
Maryland 8403 Colesville Rd 1100Silver Spring,
MD 20910 Phone No. 240-638-2713