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Contact us!
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2
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Gather documentationBSF will provide a list of items needed to complete the loan application and analyze the loan request. |
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3
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Loan approvalOnce the 504 loan is approved by BSF’s loan committee and SBA, SBA will issue a written agreement that outlines the terms and conditions under which the 504 loan can be funded. |
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4
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Lender financingThe lender provides a permanent loan and an interim loan for the business to acquire and/or improve the property while BSF works through the 504 closing process with the lender and business. |
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5
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SBA 504 loan fundingThe 504 loan will fund following the schedule set by SBA and will replace the lender’s interim loan when the project is complete or the equipment purchased. |
