CRF SBA 504 First Mortgage Solution

Jumpstart Lending for Small Businesses Today

Interested in preserving client relationships
and offering a long-term real estate financing
option to small businesses?

Looking to sell your SBA 504 first mortgage loans?

Looking for a noncompetitive source to fund your
client's loan request?

The CRF SBA 504 First Mortgage Solution provides first mortgage lenders across the country the resources needed to finance SBA 504 first mortgages and jumpstart small business lending. Working with CRF, banks can sell new or existing first liens packaged with SBA 504 second mortgages.

When a first mortgage lender is not available, CRF can assist in the origination of the first mortgage. CRF can be a partner in supporting your client's business needs.

Build your customer base by offering a superior first mortgage financing option.

25-year fixed-rate financing option
Up to 25-year term and amortization with rate reset options of 3 months, 3, 5, and 10 years
100% loan sale of qualified first mortgages, no required holdbacks

ELIGIBLE LOANS:
First mortgages (new and existing) packaged with SBA 504 second liens
Loan Size: $250,000 to $8,000,000
Construction takeout, acquisition, and refinances as permitted by SBA 504 Program.

ADDITIONAL RESOURCES FOR SMALL BUSINESSES:
CRF has a strong base of community development partners, including local banks, that deliver qualifying businesses to us. If you are a small business owner and have heard about our program, we encourage you to contact your local bank or an SBA Certified Development Company in your area to discuss your project.

Please utilize the following resources to locate an SBA Certified Development Company or to obtain additional information on the SBA 504 Program:

National Association of Development Companies (NADCO) - www.nadco.org
Click the “Find a Member” dropdown, select Certified Development Companies, Input your location
Small Business Administration (SBA) - http://www.sba.gov/
Enter your zipcode in the “SBA Direct” area, complete the “Personalize your SBADirect” form

To obtain additional program information, please contact:

Western and Southern U.S.
Gary Holmquist, 952 922.5801

Eastern and Northern U.S.
Kevin Riba, 612 305.2059