Wessex 504 Corporation is a non-profit company certified by the U.S. Small Business Administration to originate and service SBA 504 loans.
In a nutshell, the 504 loan is pretty simple:
- Loans cover real estate or capital equipment.
- The business owner puts down 10 percent.
- The bank covers 50 percent of the loan.
- Wessex 504 Corp. covers the remaining 40 percent of the loan amount with a low-rate, long-term loan.
Interested? Call us. We answer the phone.