SBA 504/CDC fund
Chase makes you explore SBA 504/CDC financing to own commercial a house, design or devices buy purposes. It is possible to use these fund so you can refinance obligations.
Chase SBA 504 funds max away in the $12,five-hundred,000, which is renowned since these financing are generally limited to possess degrees of $5 mil or $5.5 mil. You could potentially obtain doing 90% of your own collateral’s worth – and/or price of your panels. Terminology continue up to twenty years. Attention is about step 3.00%.
Chase does not in public share fee wide variety in these financing, however the SBA tend to charge Chase a pledge fee regarding 0.50%, and you will an annual commission off 0.2475%. Pursue could possibly get repackage these types of costs in advance of passageway toward expense so you’re able to you once the consumer.
Commercial real estate
There are also conventional commercial real estate fund offered at Pursue. This type of financing begin during the $fifty,100. Extremely companies having proprietor-occupied commercial home qualify for to 80% financial support. Pursue says conditions appear press the site ranging from 84 and you can 120 weeks, plus claims one to terminology should be flexible. Continue reading “Positives and negatives out of Chase business loans”