Buisness Facilities Contributed Content
MARCH 21, 2014
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Businesses must be located in Minneapolis, St.
Buisness Facilities Contributed Content
APRIL 15, 2014
Businesses must be located in Minneapolis, St. The SBA 504 loan lends up to 40 percent of the Project amount in a lien position that is junior to the third party lender, leaving as little as a 10 percent equity requirement from the Borrower. of Commerce Division of Economic Development and Finance (EDF).
Expert insights. Personalized for you.
75 
Let's personalize your content