Coastal Business Finance |504



	"With Coastal Business Finance's direction and assistance, the SBA Loan approval Process was much simpler than we had been told. The paperwork, along with our time commitment was minimalized so that our business ran as usual." - Brett Tilly, Owner of Tilly's Marine

How is a 504 Project Structured?

Typical Construction Project Funding
Use		Source
Land	$500,000	Bank	$800,000	50%
Construction	$980,000	504	$640,000	40%
Soft Costs	$120,000	Equity	$160,000	10%
Total	$1,600,000	Total	$1,600,000	100%

Typical Purchase Project Funding
Use		Source
Land/Building	$990,000	Bank	$500,000	50%
Construction	$0	504	$400,000	40%
Soft Costs	$10,000	Equity	$100,000	10%
Total	$1,000,000	Total	$1,000,000	100%