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Loan Calculator and Comparison provided by Lewis and Clark Development Group

Calculator

504 Deal Structure
Note Rate
Eff Rate*
Land
Building
Construction
Contingency
FF&E
Prof. Fees
Other
Total Cost
Has this business been in operation for 2 years or more?
Will this loan finance a "special purpose" building?
Bank Int Rate
%
Bank Amort
yrs
Bank % of Proj
%
Cash Down %
%
Source $ %
Bank Loan
504 Loan
Cash Down
Total Loans
Mo Bank Pmt 
Mo 504 Pmt
Total Pmt
Annual Debt
*The spread between the Note Rate and the Effective Rate is made up of servicing fees included in the 504 monthly payment, similar to an APR.
SBA 504 Note with fees
Fees included in gross loan amount
SBA/CDC Share
Guarantee fee
Funding fee
Processing fee
CDC Closing fee
Subtotal
Underwriter's fee
TOTAL
SBA 504 Portion of Project
"Moved to Row 50"
Balance to borrower
SBA fees collected at closing:
SBA Lender fee

Loan Comparisons

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
Conventional
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Eff int rate
Eq injection
SBA 7(a)
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Eff int rate
Eq injection
504 Loan
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Bank Loan
Project financing %
Amortization (yrs)
Interest rate %
Total financing
Monthly payment
Financing Cost
504
Interest cost
SBA-bank fee costs
Bank
Interest cost
SBA-bank fee costs
504 + Bank
Interest cost
SBA-bank fee costs
Total cost - int&fees
Conventional
Interest cost
SBA-bank fee costs
Total cost - int&fees
SBA (7a)
Interest cost
SBA-bank fee costs
Total cost - int&fees
Gross debenture:
Funding fee
Processing fee
CDC Closing fee
Subtotal
Underwriter's fee
Total
First 5 years pmt
Second 5 years pmt
Third 5 years pmt
Forth 5 years pmt
Average 20 & 25pmt
Average 10pmt

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