504 Deal Structure    
 
   
Note Rate
Effective Rate
Rates as of
Est. Project Costs:
Est. Professional Fees:
Land+Building
Engineering costs
Construction
Architecture costs
Contingency
Appraisal
Equip./Furn.
Environmental Report
Prof. Fees
Impact / permit fees
Debt  Refinance
Utility hook-up fees
  Other           Title Insurance / fees    
  Total Cost           Bank fees on interim loan    
                Refi Prepay Penalties    
  Has this business been in operation for 2 years or more?         *Total Professional Fees    
  Will this loan finance a "special purpose" building?                
                       
  Bank Int. Rate                  
Bank Amort.
yrs
Bank % of Proj.
%
Bank Perm. Fee $
Source
$ %
Est. Borrower Cash Needed
Bank Loan  
Borrower's Equity
504 Loan
SBA TPL Fee
  Cash Down     Bank Perm. Fee    
  Total Loans         Due from Borrower    
Est. Payments
Mon. Bank Pymt. 
Mon. 504 Pymt.
Total Mon. Pymt.
Annual Debt Pymt.
  Provide Data for  Loan Comparisons
  Conventional Bank Loan  
Loan to Value %
Amortization yrs
Interest Rate %
Lender Fee
  SBA  7(a) Loan  
Loan to Value %
Amortization yrs
Interest Rate %
  Comparison of Financing   
504 + Bank
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Eff int rate
Eq injection
SBA 504 + Bank Fees 
Conventional
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Eff int rate
Eq injection
Bank Lender Fee
SBA 7(a)
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Eff int rate
Eq injection
7a Upfront Guaranty Fee
         
504 Deal Structure
Project Costs
Land+Building
Construction
Contingency
Furniture Fixtures & Equip.
Professional Fees
Debt Refinance
Project Name
  Other    
Total Project
Source Amount Pct Rate Years Monthly Pymt
Bank Loan
SBA 504 Loan*
Cash Down Payment Monthly Debt Service
Total Financing
Annual Debt Service
* Includes financed 504 fees of 2.15% of the SBA loan amount plus closing fees =
  Est. Borrower Cash Needed   SBA 504 rate: Determined on a monthly basis at the time of debenture sale. Rates and terms are for estimation purposes and not a commitment to lend. Actual terms are subject to eligibility and underwriting of borrower and property.  
Borrower's Equity
Third Party Lender Fee (0.5% Bank Loan)**
Bank Perm. Fee
  Thank you for using Great Lakes Commercial Finance's Loan Calculator.  As your premier SBA lending partner, we look forward to being part of your future success!  For additional information, questions or to start a project discussion, contact one of our loan officers below:  
   
  Connect With a Loan Officer  
             
Gary Witkowski UP & Mid-Michigan (616) 323-1275 [email protected]
Bradd Pierce West Michigan (616) 323-1277 [email protected]
Shannon Dwyer Lakeshore & Northern MI (616) 323-1280 [email protected]
Tom Sreckovic Oakland County Plus (586) 718-6045 [email protected]
Orlando Crump Southeast Metro Region
(616) 323-1284 [email protected]
 
cells that get filled in monthly
MONTH
Borrower Fee %
Source: NADCO Rates
Note Rate All-In Rate
2 10 year
CDC Fee %
1 20 Year
SBA Servicing Fee %
SBA Servicing Fee % - debt refi 0.2115%
3 25 Year
CSA Fee %
(not currently used in calculator)
Fees included in gross loan amount
FY 2026 fees
Guarantee fee
Funding fee
Processing fee
CDC Closing fee
Underwriter's fee
10 year
20 year
25 year 0.99600 0.4000%
SBA fees collected at closing:
SBA Lender fee 0.5000%