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How To Get an SBA 504 Construction Loan
Oct 10, 2020 03:19:25 AM
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To get an SBA 504 construction loan, you must meet the following conditions:
Credit Score—You need to have a credit score of 680 or higher
Limited Outstanding Debt—Your Debt Service Coverage Ratio should be no lower than 1.25.
Down Payment—You must be able to satisfy the down payment requirement.
Proof of Payment Ability—You will be required to show that you can reasonably afford the monthly payments of your loan.
Clean Financial History—In addition to not having a lot of outstanding debt, you should also not have a history of recent bankruptcies, foreclosures, or tax liens.
Call 504 Capital Corporation at (804) 513-2952!
Credit Score—You need to have a credit score of 680 or higher
Limited Outstanding Debt—Your Debt Service Coverage Ratio should be no lower than 1.25.
Down Payment—You must be able to satisfy the down payment requirement.
Proof of Payment Ability—You will be required to show that you can reasonably afford the monthly payments of your loan.
Clean Financial History—In addition to not having a lot of outstanding debt, you should also not have a history of recent bankruptcies, foreclosures, or tax liens.
Call 504 Capital Corporation at (804) 513-2952!
Note : If you make a call this number [ 804-513-2952 ] Please mention that you have seen this ad in Adsfeast a classifieds website.....
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