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SBA 504 Loan Program

Strengthening your small business

Secure financing to purchase real estate, expand your facility, buy equipment or machinery, and power your growing business.

This program provides small businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. It is designed to create employment opportunities by enabling expanding businesses to reserve working capital for growth.

 

Use of Funds

Commercial real property acquisition 1

New facilities construction 1

Commercial mortgage refinancing 1

Heavy construction machinery and equipment purchases

Standard Loan Structure

50% financing from Cathay Bank

40% financing from SBA 504 Loan

10% down payment from borrower

Terms

Bank portion can be amortized up to 25 years with a 10-year maturity

SBA 504 portion can be amortized up to 25 years with a 25-year maturity

Interest Rate

Bank portion can be either a fixed or variable rate

SBA 504 portion is a fixed rate

Eligibility Requirements

Business must be organized for profit

Business must meet SBA size standards

Business must be located in the United States

 

For more information on SBA Loans, please visit www.sba.gov.

  1. Owner occupied commercial real property acquisition.

 

 

Cathay Bank

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Please do not include sensitive information such as account numbers or other personal information such as Social Security or Tax Identification numbers, driver’s license numbers, etc. in any email sent to us via this link.

Have a Question?

Please contact our SBA Department for all your SBA Loan needs at 866-228-4296 or speak with your local Cathay Bank branch manager.