SBA 504 funded the purchase of two buildings: one already leased by the borrower and the other for the expansion of their business.

SBA 504 Funding Update:

$1,130,000 Real Estate Acquisition

Entrepreneur

Performing arts school established in 1999, offering classes for students of all ages in art, dance, drill team prep, and guitar.

Real Estate Opportunity

SBA 504 Project funded the purchase of two buildings, one that was leased by the business and the other for the expansion of their operations.

Financing Package 

Local Community Bank:
$565,000 1st Lien Conventional Loan

Community Business Finance & The U.S. Small Business Administration:
$468,000 2nd Lien SBA 504 Loan