In this video our Senior Closing and Servicing Specialist walks you through how Altura can help your small business.
The SBA 504 loan may finance up to 40% of an eligible project, not to exceed $5,000,000 ($5,500,000 for manufacturing firms). The borrower is required to inject at least 10% (not to exceed 20% depending on circumstances). The borrower’s bank provides the remaining amount, typically 50%.
An eligible project can include: plant acquisition, new construction, renovations or expansions, acquisition of machinery, equipment and fixtures, partner buyouts, land and site improvements, and certain eligible soft costs associated with the above.
SBA 504 Effective Rates
Interest rates are determined by SBA and change on a monthly basis.
Listen to What Our Partners are Saying
“Understanding what Altura can provide through their loan programs is invaluable.”
Titan Fuel Tanks
“We are very grateful for the support and financing provided to help Titan Tanks take that next step toward our future growth”
Buildings Financed Through SBA 504 Loans
Rigby Pediatric Dental
Manwaring Cheese & Gelato
Teton Vision Center
“Altura helped us to build a state of the art facility and acquire equipment that has the latest technology, making us very competitive in our industry. This has allowed us to have continued growth each year and for years to come.”
Cutting edge cabinets
“We were put in contact with Katie Cook at Altura to help us through the SBA loan process. She was very helpful in helping us understand everything and helped keep things moving smoothly through closing on the note. Whenever I have any questions, she is very quick to respond to my questions. I am grateful for their help when we obtained the refinancing we needed four years ago!”
SERVICE MASTER CLEANING & RESTORATION
“Altura Business Finance has helped us out tremendously in acquiring properties that otherwise would have been out of our budget. Katie made it easy and walked us step by step through the entire SBA process when we purchased the Timberline Home building. When we decided to expand our business and purchase the Outlet building, we contacted Katie and just like the first go around it was simple and easy. Altura has definitely contributed to our success and has helped us invest in the future by owning buildings and not renting them. I highly recommend using Altura to start or to grow your business.”
ASHLEY HOME STORE
“Although we are third generation owners of a business that had been around for more than 75 years, we felt lost as we considered expanding. The investment in building a new building in a city that we hadn’t done business in before was overwhelming. All the crew at Altura took us by the hand and walked us through our options and what we needed to do, step by step. They even introduced us to a grant that we could apply for to help with the development. There is no way we would have been able to know all of the options or even where to begin with securing financing if it hadn’t been for their help. They were also very patient with us asking the same questions multiple times. We will definitely look to Altura Business Finance to help us as we continue to grow and serve our customers.”
KEVIN & RENAE OSWALD
“Altura was great to work with when building our new clinic. They were proactive, always on the ball and even ahead of things. They were right there when I needed them to answer questions and the process was hassle free and barely any time on my part. Through the COVID-19 pandemic they made me aware of benefits and programs and helped with all the paperwork. They got relief and extra funding where possible during the pandemic that helped our business through those hard times. Without hesitation I would recommend Altura Business Finance and Katie Cook to any small business starting out and staying on their feet.”