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Banking
About Us
Business Finance Capital CDC “BFC” is a direct lender for the SBA 504 program that is primarily used for small business owners to purchase or refinance 51% or greater owner occupied commercial real estate. The 504 program also finances heavy fixed asset type of machinery and equipment. A bank finances the first 50% as a 1st mortgage lien on the property/equipment and then BFC/SBA finance 40% as a 2nd mortgage lien on the property/equipment. A refinance transaction would have a 50/50 structure. Since inception in 1980, the 504 program has assisted thousands of small business owners nationally with their financing needs and the main value adds of the program include:
• Down payment as low as 10%. Many of our clientele cannot afford the typical conventional down payment of 25% for real estate acquisitions so that’s where the 504 can step in and assist a small business owner in being their own landlord and building their own real estate equity.
• 25 year fully amortizing below market interest rates.
• Finances real estate and equipment.
• Assists start-up businesses to well established businesses and everything in between.
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