Qualifying Down Payment Sources for 504 Loans
The great news for business owners is that Community Business Finance's 504 Loan Program usually requires only a 10% down payment. In other words, the borrower's contribution is 10% of the total project cost. This percentage certainly makes financing more accessible for companies that need funds for real estate or equipment.
We are frequently asked about qualifying sources for the down payment, and have provided some answers below. More information can be found in our FAQ.
