|
|
|
|
|
|
| |
504 Deal Structure
|
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
|
| |
|
|
Note Rate
|
|
|
|
|
|
Eff Rate*
|
|
|
|
|
|
|
|
|
|
|
|
Land & Bldg
|
|
|
|
|
|
Constr/Remodel
|
|
|
|
|
|
Constr-Contingency
|
|
|
|
|
|
Furn, Fix, Equip
|
|
|
|
|
| |
Prof/Other Fees
|
|
|
|
|
| |
Total Project
|
|
|
|
|
|
|
|
|
|
|
|
Has this
business been in operation for 2 years or more?
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Will this
loan finance a "special purpose" building?
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Bank Int Rate
|
|
|
%
|
|
|
Bank Amort
|
|
|
yrs
|
|
|
Bank % of Proj
|
|
|
%
|
|
| |
Cash Down %
|
|
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Source
|
|
$
|
%
|
| |
Bank Loan
|
|
|
| |
504 Loan
|
|
|
| |
Cash Down
|
|
|
| |
Total Loans
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Mo Bank Pmt
|
|
|
|
| |
Mo 504 Pmt
|
|
|
|
| |
Total Pmt
|
|
|
|
| |
|
|
|
|
|
| |
Annual Debt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
*The spread
between the Note Rate and the Effective Rate is made up of servicing fees
included in the 504 monthly payment, similar to an APR.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fees included in gross loan amount
|
|
SBA/CDC Share
|
|
|
|
Guarantee fee
|
|
|
Funding fee
|
|
|
|
Processing fee
|
|
|
CDC Closing fee
|
|
|
Subtotal
|
|
|
|
Underwriter's fee
|
|
|
TOTAL
|
|
|
|
SBA 504 Portion of Project
|
|
|
SBA 504 Note with fees
|
|
|
Balance to borrower
|
|
|
|
|
|
|
|
|
SBA fees collected at closing:
|
|
SBA Atty fee IN
|
|
$1,500
|
|
SBA Atty fee KY
|
|
$2,500
|
|
SBA Lender fee
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|