OWNER OCCUPIED COML PROPERTY LOANS

Financial ServicesCalifornia, United States2-10 Employees

GSCDC is a private nonprofit corporation established in 1985 to increase small business opportunities and to stimulate employment.  Our role is to be a catalyst within community development programs in securing the resources necessary to assist small businesses in obtaining financing.  The company is authorized by the U.S. Small Business Administration (SBA) to offer 504 loan programs.  The SBA 504 program offers long term fixed asset financing, in conjunction with local banks, with below market fixed interest rates, and as little as 10% down.

TYPICAL SBA 504 LOAN STRUCTURE - Sample 
     
Project Cost     $1,000,000
    
Local Lender    $500,000 - (50%)
          1st lien position
          Interest rate, Market
          Term, 10 to 30 years

GSCDC/SBA    $400,000 - (40%) 
           2nd lien position
           Interest rate, Fixed
           Term, 10 to 20 years

Down Payment  $100,000 - (10%)
           Cash or equity

PROGRAM BENEFITS
Low down payment
Below market fixed interest rate

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