Thinking of purchasing or renovating commercial real estate or purchasing long-term equipment to grow or expand your business? Our team of experts actively partner with local Certified Development Companies (“CDC’s”) to offer financing under the SBA’s 504 Loan Program. A typical 504 project is structured with fifty percent of the project costs provided through an American Riviera Bank loan. Forty percent of the project costs are financed with a fixed-rate debenture secured with a junior lien from a CDC.
Refinancing is also available on a limited basis, including interest and fees on the construction and/or interim bank financing. Financing for other needs such as working capital, inventory, debt consolidation or refinancing are eligible through a separate SBA 7(a) Loan Guaranty Program.
Reach out to one of our SBA experts for more information on application requirements.
Vice President, SBA Business Development Officer
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E-mail
805-979-3846
Location: Santa Barbara
Assistant Vice President, SBA Business Development Officer
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E-mail
805-540-6235
Location: San Luis Obispo
American Riviera Bank knows and cares about our customers.