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Financing Structure Example
Project: Microfinish
Location: Vandalia, OH
Business type: Manufacturing
Loan type: SBA 504 Loan
Real estate and construction costs: $1,211,000
CCDC Portion: $484,400 + fees*
PNC Bank: $605,500
Owner Investment: $121,100
Source |
Project Amount |
% of Project |
Loan Amount |
Interest Rate |
Term |
Monthly Payment |
Bank |
$605,500 |
50% |
|
7.00% |
15 |
$4,944 |
SBA 504 |
$484,400 |
40% |
$499,000 |
6.24% |
20 |
$3,316 |
Equity |
$121,100 |
10% |
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Total Project |
$1,211,000 |
|
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SBA Loan Fees |
$ 14,600 |
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|
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|
|
Total Financing |
$1,225,600 |
100% |
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|
$8,260 |
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