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Commercial Bridge Loan Amount & Down Payment. Commercial bridge loans typically have a maximum loan amount equal to 80% – 90% of a property’s loan-to-value (LTV) ratio. This means that a traditional bank or lending institution will lend up to 90% of a property’s current fair market value.
Small business owners thinking of purchasing or renovating commercial real estate or purchasing equipment to grow or expand their businesses should consider the U.S. Small Business Administration’s (SBA) 504 Loan Program. The 504 loan provides small businesses access to the same type of long-term, fixed-rate financing enjoyed by larger firms.
Antell shared that the program was developed after recognizing a need for down payment and closing cost assistance for first-time home buyers who don’t qualify for assistance through Vermont Housing.