Form - 504Savvy

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1Type of Business

2Loan Purpose

3Personal Info

4Business Info

5Loan Info

6Additional Info

a. Type of Business

What type of business is the loan for?

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Alcoholic Beverage Production

This includes wineries, breweries, distilleries, and any other business whose primary purpose is producing alcoholic beverages.

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Automotive

This includes auto repair, car dealerships, auto body, auto detailing, and any other business whose primary purpose involves automobiles.

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Car Wash

This includes self-service car washes, tunnel car washes, touchless car washes, and any other business whose primary purpose is cleaning cars.

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Child Care

This includes daycare, preschool, camps, and any other business whose primary purpose is taking care of children.

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Convenience Store / Grocery

This includes convenience stores, small grocery stores, corner shops, bodegas, and any other small store offering a wide variety of food and drink products.

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Elder Care / Assisted Living

This includes nursing homes, hospices, memory care facilities, and any other business whose primary purpose is taking care of elderly and/or disabled people.

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Fitness / Sport

This includes gyms, golf courses, sport facilities, martial arts schools, dance studios, and any other business whose primary purpose is providing a space and/or resources for physical activity.

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Franchise

This includes fast food restaurants, chain restaurants, chain convenience stores, and any other business that is a franchise of a larger chain of businesses.

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Funeral Home

This includes any business whose primary purpose is providing funeral, cremation, or burial services.

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Gas Station

This includes standalone gas stations, gas stations with a convenience store, truck stops, and any other business whose primary purpose is providing fuel to automobiles.

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Home Repair Services

This includes plumbing companies, electrical companies, HVAC companies, and any other business whose primary purpose is providing building repair services.

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Hospitality

This includes hotels, motels, b&bs, and any other business whose primary purpose is providing short-term lodging.

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Industrial / Warehouse

This includes factories, warehouses, distribution centers, and any other business whose primary purpose is producing, organizing, or storing commercial goods.

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Liquor Store

This includes liquor stores, wine stores, bottle shops, and any other business whose primary purpose is selling alcoholic beverages.

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Medical

This includes doctors offices, dentists offices, pharmacies, therapists, and any other business whose primary purpose is providing medical services and/or products.

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Office

This includes tech companies, pharmaceutical companies, telecommunication companies, and any other business that will occupy office space.

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Professional Services

This includes lawyers, accountants, marketing, real estate agencies, consulting firms, and any other business whose primary purpose is providing professional services.

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Restaurant / Bar

This includes restaurants, bars, pubs, and any other business whose primary purpose is selling freshly prepared food or drink.

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Retail

This includes department stores, clothing stores, sporting goods stores, gift shops, thrift stores, and any other business whose primary purpose is selling products.

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RV Park

This includes any business whose primary purpose is providing resources and/or short term lodging for RVs.

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Storage

This includes self-storage, vehicle storage, cold storage, and any other business whose primary purpose is providing long-term storage space.

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Trucking

This includes trucking companies and any other business whose primary purpose involves commercial trucking.

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Other

This includes any other type of business not already listed here.

What type of business is the loan for?

What is the industry of the franchise?

B. Loan Purpose

What is the purpose of the loan? Select all that apply.

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Real Estate Purchase

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Construction

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Equipment Purchase

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Loan Refinance

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Is there already a signed Purchase and Sale Agreement for the real estate?

Yes

No

C. Personal Information

Who is filling out this form?*

Borrower

Someone Else

Who is filling out this form?*

Person Filling Out the Form

Name*

First Last

Company Name*

Email*

Phone*

Borrower

Name*

First Last

Email*

Phone*

Credit Score*

Who would you like us to contact about the loan?*

Person Filling Out the Form

Borrower

How would you like us to contact you?

Email

Phone

Note: One of our 504 loan experts will contact you to ask clarifying questions and obtain more information about your loan before we can select the right lender and connect you.

How did you find 504Savvy?

Search Engine (Advertisement)

Search Engine (Non-Advertisement)

Artificial Intelligence

Word of Mouth/Referral

Email

Other

D. Business/Real Estate Information

What is the legal/corporate name of your business?

What is the trade/DBA name of your business?

Give some background on your business, including its history, products/services provided, and competitive advantages.

Note: Please include as much information as possible, it’ll help us connect you with the right lender.

Where is the real estate that is being purchased?

City State

Where is the business located?

City State

Describe the equipment you will be purchasing, including the quantities and prices of each item (if possible).

Note: Please include as much information as possible, it’ll help us connect you with the right lender.

How far into the equipment purchase process are you?

Know the general type of equipment to purchase	Know the exact equipment to purchase, but don’t have a vendor yet	In touch with a vendor and ready to purchase	Already purchased and have invoices to pay

E. Loan Information and Calculator

What is the estimated total purchase price?

What is the estimated construction cost?

What is the estimated refinance value?

This is the value needed to fully pay off the business’s previous loan. This value should be the same as the value of the loan you’re seeking.

What is the estimated down payment? (%)

Note: If your planned down payment isn’t one of the listed options, choose the option that is closest to it.

Note: The minimum down payment for 504 loans is 10%

Down payment

Do you have the down payment readily available?

Yes

No

When will you have it available?

This is a purely informative loan calculator

Loan amount

Interest rate (%)

Note: 5.77% is currently the average rate for 504 loans. Your interest rate will be determined by you and the lender based on the strength of your loan, and as such may be higher or lower than this.

Loan term (years)

Note: 25 years is the typical (and maximum) term for loans involving real estate.

Monthly payment

F. Additional Information

How long have you owned your business?

When will the details of the project be finalized?

2-3 months	1 month	Less than a month	Already finalized

How sure are you that you're going to move forward with the planned project?

Not sure / Just curious	Slightly sure	Somewhat sure	Mostly sure	Absolutely sure

Would you like us to also connect you with a CDC?

SBA 504 loans are actually two loans, a CDC loan and a third party lender loan. A CDC is a non-profit company that works with the SBA to offer 504 loans, while a third party lender is a normal lender, like a bank or credit union. This form will connect you with a third party lender. A third party lender will help you get in touch with a CDC if you need one, but if you’d like, we can just connect you with a good CDC right now instead.

Yes

No

Is there anything else we should know that wasn't covered by this form?*

Note: Make sure to include anything else that would make your loan more appealing to lenders.

What are you looking for from a 504Savvy lender and loan?