SBA504 Loan Program
Lokahi Pacific Rural Development, Inc.
A Certified Development Company
SBA504 Loan Program
Lokahi Pacific Rural Development, Inc. is a Certified Development Company (CDC) that makes loans under the Small Business Administration's SBA504 loan program. Funding is arranged by the CDC issuing a 10 or 20 year fixed rate loan to borrower.
Eligible SBA504 projects include:
- Purchase land and construction of new buildings
- Purchase and/or renovate existing buildings
- Acquire/Install machinery
- Construct or remodel buildings on leased land
504 Project Profile:
- Minimum amount of SBA504 Loan - $50,000 (No maximum limit to project size)
- Maximum amount of SBA504 Loan - Up to $2,000,000 (Maximum 40% of project costs)
- Job Creation or Retention - One job for every $65,000 borrowed through SBA504
| Entity | Loan Amount | % of Project | Security |
| Lender | $500,000 | 50% | 1st Deed of Trust |
| SBA504 | $400,000 + fees | 40% | 2nd Deed of Trust |
| Borrower | $100,000 | 10%* | |
| TOTAL | $1,000,000 | 100% |
*Note: Equity of 15-25% will be required for start-ups and businesses with irregular profitability, lack of historical debt service ability, a short track record, or single purpose properties.
For more information contact Robyn Delima at 808-242-5761 extension 21.
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