SBA 7A vs 504 Real Estate Loans
- Lower set up cost – projects < $1,000,000
- Larger loan outstanding 90% v. 50%
- Larger spread 300 bp v. 150 bp
- Easier to do
- Longer fully amortized option – 25 yrs
- More flexible for customer
- PPP only in first 3 yrs
- Can be fixed 10 yrs