Sample Project: $1 million project
(Purchase & Renovation)
Uses of Funds
Purchase Property $750,000
Construction/Renov 200,000
Closing Costs & Fees 50,000
TOTAL $1,000,000
Sources of Funds
Commercial Bank Lender $500,000 50% 1st Mortg
SBA 504 400,000 40% 2nd Mortg
Borrower Business 100,000 10% Equity
TOTAL $1,000,000