Dakota Business Lending is excited to launch a new and enhanced 504 loan calculator on our website. This online calculator allows users to get financing structure options for 10, 20, and 25-year SBA 504 loans, explore various loans options, and make comparisons. The enhanced widget can be customized to any project by inputting the project costs, the project type, and the terms and interest rates option, and then used to run a comparison against the terms of various conventional financing options and/or the SBA 7a program. In addition, users can look at differences in borrower injection requirements, estimated loan payment amounts, year options (10, 20, & 25), and bank amortization terms. By having access to financing comparisons, users can make better informed financial decisions for their project moving forward.
Below is a sample calculation made using the enhanced 504 online calculator. Try it out on our website today!