SBA Loan Programs currently provide up to 90% financing for commercial property acquisitions, such as Nantucket Marine, at 14 Sun Island Rd., which sold last week at $3,000,000.00

The so-called 504 loans involve a lead bank financing 50% of the total amount on conventional terms, typically for 20 years with rates that are adjustable at 5 year intervals (currently beginning at around 5 ½ %).    Then, the SBA guarantees secondary financing through an SBA approved lender, for 40% of the total amount amortized over 20 years at a fixed rate (currently also around 5 ½%).
If you are interested in purchasing a business or business with real estate, a SBA loan may be a viable alternative to explore. Please visit the SBA loans website for more information.