Low down payment. The down payment is typically 10% of the project cost allowing you to preserve your cash for working capital.
Fixed rate. The rate is fixed for the entire term of the loan allowing you to plan what your cash flow demands are going to be.
Longer terms for repayment. 504 Loans are for 10, 20, or 25 years. Longer terms make your monthly payments lower.
Below market interest rate. Even with all transaction costs included, the rate for a 504 loan is generally below conventional market rates for loans of similar maturities.
