How SBA 504 Loans Can Fuel Your Large Construction Projects

How SBA 504 Loans Can Fuel Your Large Construction Projects

SBA rates are coming down and banks are becoming more aggressive in pursuing construction projects. Some banks, including Beau's, have raised their minimum loan amount for SBA 504 loans to around $4-5 million, but are still aggressively seeking construction loans. Beau's bank doesn't fund high-risk loans for hotels, gas stations, or car washes, but funds other industries such as industrial, medical facilities, day cares, and restaurants. Beau offers to help book calls for people who need help with SBA financing, including for SBA 7a and SBA 504 loans, and for various types of financing for startup or existing businesses.

Timestamps:
(00:08) - SBA rates are decreasing, making SBA 504 loans more attractive for large construction projects.
(00:20) – Banks are aggressive in pursuing construction loans, despite the current market trend.
(00:51) – The banks have raised the minimum loan size for 504 loans to four or five billion.
(01:12) - The bank does not fund high-risk loans for hotels, gas stations, and car washes, but has an appetite for financing industrial, medical, daycare, and restaurant facilities.
(01:40) - Other banks may have an appetite for funding high-risk loans

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#SBA504 #SBA504Loan #SBA504ConstructionLoan

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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