(816) 468-4989
SBA Award Winning Certified Development Corporation
Whether You’re Searching For A $10,000 Equipment Loan Or Want Financing For A $2 Million Building Purchase, There Is A Good Chance We Have The Right Loan Product For You.
Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50% of the project cost, a loan secured with a junior lien from the MSBF (backed by a 100% SBA-guaranteed debenture) covering up to 40% of the cost and a contribution of at least 10% equity from the small business being helped.The borrower’s contribution may be greater for new businesses or special use buildings.
Maximum Debenture:
The maximum SBA debenture is $5,000,000
Generally, the project assets being financed are used as collateral. Personal guarantees of the principal owners are also required.
Loan Size:
Loan amounts range from $25,000 to $150,000+.
The focus of this program is to assist existing eligible small businesses in Andrew, Atchison, Buchanan, Caldwell, Carroll, Clinton,Clay, Daviess, DeKalb, Gentry, Grundy, Harrison, Holt, Linn, Livingston, Mercer, Nodaway, Platte, Ray and Worth counties in Missouri. The target excludes towns with a population of 25,000 or more.
Loan Size:
Loan amounts range from $10,000 up to $75,000.
We provide low market rates fixed for the term of the loan. A low down payment of 10% is available on eligible project costs. Long-term financing up to 15 years is available. Fees and closing costs can be added to the loan.
Loan Size:
Loan amounts range from $25,000 to $200,000.
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Midwest Small Busness Finance | 7001 N Locust St. | Gladstone, MO 64118 | Phone: 816-468-4989