90% Fixed Rate Financing for Owner-Occupied Real Estate and Machinery & Equipment

The UNBEATABLE Advantages

Conserve Valuable Operating Capital / 90% Financing

• The minimum 10% down payment is 10-20% lower than the equity requirement for a conventional loan
• Soft costs (architectural and engineering fees, appraisal and environmental assessment costs, title search and title insurance costs, interest on bridge financing) can be included in a 504 loan package and financed

Low Fixed Rate

• Click here for our most recent rates

Longer Repayment Term

• Real Estate Purchases: the CTCIC 504 loan will have a full 20 year term with no balloon; the Third Party Lender’s loan must have a term of at least 10 years
• Machinery and Equipment Purchases: the CTCIC 504 loan will have a full 10 year term with no balloon; the Third Party Lender’s loan must have a term of at least 7 years

Collateral Requirement

• For established businesses where cash flow is adequate, collateral is generally limited to the assets being acquired with the CTCIC 504 loan package (i.e. real estate and/or machinery and equipment)
• Personal residences and other business assets (inventory, accounts receivable) can remain available for future financing needs

New Refinance Opportunity

• Refinance of mortgage debt on owner occupied commercial real estate, provided the debt is at least two years old and payments have been kept current over the last year.