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The SBA 504 loan is designed for business owners who want to purchase fixed assets such as equipment, machinery and real estate.[1]
An SBA 7(a) Loan allows businesses to borrow up to $5 million to use for business expansion, equipment purchases or to debt refinance. [1]
An SBA Express Loan is a loan or line of credit between $100,000 and $350,000. Funds may be used for working capital, business expansion and purchase of fixed assets.[1]
Loan Amount
SBA 504 Loan
Up to $6.25 million Regions portion, $5 million CDC portion along with borrower injection of $1.25 million.
SBA 7(a) Loan
N/A
SBA Express Loan
N/A
Loan Terms
SBA 504 Loan
Regions Loan
Equipment: At least 7 years
Real Estate: At least 10 years with up to 25–year amortization
CDC
Equipment: up to 10 years fully amortizing
Real Estate: up to 25 years fully amortizing
SBA 7(a) Loan
Permanent Working Capital: Up to 7 years
Equipment: Up to 10 years
Real Estate: Up to 25 years with fully amortizing loan terms
SBA Express Loan
Lines of Credit: Up to 5 years revolving with a 10-year maturity.
Borrower Contribution
SBA 504 Loan
Between 10% - 20% of total project costs
SBA 7(a) Loan
At least 10% for purchases
SBA Express Loan
At least 10% for purchases
Pricing & Fees
SBA 504 Loan
Variable and fixed-rate options
Ask a Regions banker about the specific fees associated with SBA loans
SBA 7(a) Loan
Variable and fixed-rate options
Ask a Regions banker about the specific fees associated with SBA loans
SBA Express Loan
Variable and fixed-rate options
Ask a Regions banker about the specific fees associated with SBA loans
Features
SBA 504 Loan
- Borrow up to $6.25 million from Regions
The CDC portion is a long term fully amortizing loan
Buy Equipment, Machinery, or Real Estate
Low Down Payment
SBA 7(a) Loan
- Borrow up to $5 million
Fixed & Variable RatesLow Down Payment
Full amortization no balloon
SBA Express Loan
- Borrow up to $350,000Fixed & Variable RatesLow Down PaymentRevolving and term out structure
The SBA 504 loan is designed for business owners who want to purchase fixed assets such as equipment, machinery and real estate.[1]
An SBA 7(a) Loan allows businesses to borrow up to $5 million to use for business expansion, equipment purchases or to debt refinance. [1]
An SBA Express Loan is a loan or line of credit between $100,000 and $350,000. Funds may be used for working capital, business expansion and purchase of fixed assets.[1]