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Banesco USA

SBA Loans

In partnership with the U.S. Small Business Administration, Banesco USA is investing in the future of South Florida with an active, aggressive loan program designed for small businesses. If you need credit to grow your business, call Banesco USA – your total solution for business banking.

SBA 504 Loans

Banesco USA provides long-term financing for the purchase and construction of commercial real estate. Financing can be used to acquire existing property or for the purchase of land plus construction costs.

Business Eligibility Requirements

To qualify for SBA 504 financing, the qualifying business must have:

  • Tangible net worth of less than $6 million
  • After-tax profits of less than $2 million
  • Fewer than 500 employees
  • Other eligibility requirements may apply.

Projects Eligible for Financing

SBA 504 Loans may be used for financing:

  • Acquisition of fixed assets such as land and building – owner must occupy at least 51% of leasable space
  • New construction – owner must occupy at least 60% of leasable space
  • Purchase and Renovation – owner must occupy at least 51% of leasable space

Benefits

SBA 504 Loans offer these valuable benefits:

  • Low down payment
  • Affordable terms of repayment with no balloon payments
  • Fixed rate on SBA portion of loan
  • Fixed or variable rate on Banesco USA portion of loan.