SBA 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.

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

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