Secure financing to purchase real estate, expand your facility, buy equipment or machinery, and power your growing business.
This program provides small businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. It is designed to create employment opportunities by enabling expanding businesses to reserve working capital for growth.
Use of Funds
Commercial real property acquisition 1
New facilities construction 1
Commercial mortgage refinancing 1
Heavy construction machinery and equipment purchases
Standard Loan Structure
50% financing from Cathay Bank
40% financing from SBA 504 Loan
10% down payment from borrower
Bank portion can be amortized up to 25 years with a 10-year maturity
SBA 504 portion can be amortized up to 25 years with a 25-year maturity
Bank portion can be either a fixed or variable rate
SBA 504 portion is a fixed rate
Business must be organized for profit
Business must meet SBA size standards
Business must be located in the United States
For more information on SBA Loans, please visit www.sba.gov.
Please contact our SBA Department for all your SBA Loan needs at 866-228-4296 or speak with your local Cathay Bank branch manager.