Direct Lending Program

HomeDirect Lending Program

Funding You Can Count On

The purpose of the Direct Lending Program is to provide small businesses with a source of gap financing otherwise not available through conventional lending sources. Loans will be made to 504 eligible recipients who are providing economic development in their community.

Eligible Projects/Loan Purpose

  • Finance the acquisition of new equipment or real estate
  • Finance permanent working capital for a growing business
  • Refinance an existing loan from a private lender or other source of sub-prime financing

Eligible Businesses

  • Any businesses eligible under the SBA 504 Loan Program requirements

Fees

  • Borrower will be responsible for out-of-pocket closing costs to include, but not limited to origination fees, attorney fees, title insurance, recording fees, etc

Collateral

  • The loan will be secured by acceptable collateral and have guarantees that they can be reasonably relied upon

Loan Amount

  • Loans will range from $50,000 to $250,000

Interest Rate

  • Fixed or variable are based upon credit risk

Response Time

  • 5-10 days to receive commitment

We look forward to working with you on SBA 504 financing opportunities.

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