Your down payment for an SBA 504 loan can come from various sources, including:
- Business or Personal Cash: Funds available from your business or personal savings.
- Gifted Money: Financial gifts from family or friends.
- Home Equity: Funds derived from the equity in your home.
Additionally, a portion of the down payment can be borrowed, provided it meets the repayment terms set by the SBA and REDCO. We are happy to discuss all these options with you to ensure you find the best solution for your down payment needs.