Evergreen Business Capital

Loan Category:
Other Alaska Business Loan Programs

Loan Source:
Evergreen Business Capital

The SBA 504 loan serves healthy, growing small to mid-sized businesses. It is available to individual business owners or multiple owners partnering on a project. To qualify, a business must be a for-profit enterprise, occupy 51% of an existing building or 60% of a newly constructed building and meet a least one goal around job creation, public policy, or community development through the project.

Evergreen is a private, nonprofit organization authorized by the U.S. Small Business Administration as a Certified Development Company. It serves as an intermediary for the SBA 504 Loan Program. SBA 504 loans offer a low-down-payment, long-term, low-interest-rate solution for the purchase of commercial real estate and equipment. Business owners can use 504 loans for land and building purchases, new construction or renovation, leasehold improvements and purchases of heavy machinery, equipment and commercial vessels. They can also be used for soft costs such as title searches, attorney’s fees, appraisals, etc. By partnering with lenders to provide partial funding, Evergreen reduces their risk. 

Contact Information

Evergreen Business Capital
PO Box 3673
Palmer, AK 99645-3673
Phone: (907) 746-5047
Fax: (907) 745-8504

For more info:
http://www.evergreen504.com

Tags:
Land/Building/Construction
Equipment or Vehicle