Even Better Commercial Real Estate Financing with Impower Loans
Don’t qualify for the traditional Small Business Administration (504) loan? No problem! If you’re looking for an alternative to the SBA 504 loan, an Impower Loan can provide a responsible and flexible way to purchase commercial real estate.
Impower offers up to 95% financing and no minimum credit score. With just a 1-1.5% origination fee, Impower helps you build equity and long-term wealth through your business.
Commercial Real Estate Loans in low-to-moderate income communities for those who don’t qualify for standard 504 financing.
Term: 10 year term with a 30 year amortization; interest-only payments for up to 12 months
Fixed Interest Rate: 5 or 10 year TCM + 3.5-5% depending on geography and credit profile
Fees: 1-1.5% origination fee
Areas Served: Arizona, California, Florida, Texas, Maryland, DC, New York, Michigan, Virginia, and Georgia
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When a large, national bank denied Pablo’s loan request to purchase a new building for his expanding business, he turned to CDC.
Using an Impower loan, this Colombian entrepreneur is able to bring solar power and other sustainable energy solutions to even more residents across California.