Financing is available to qualified borrowers for up to 90% of the cost of buying and customizing owner-occupied business condominiums at Ventura Commerce Center through SBA loans and up to 85% of a unit’s value from private banks.
Under the SBA 504 program, a business owner makes a down payment of 10% of the value of the unit, including any expected costs of customization, and borrows up to 50% of the value from a bank and 40% of the value from SBA. The amount of monthly payments can be fixed for up to 25 years.
SBA 7(A) program loans fund up to 90% of the value of owner occupied business real estate, customization, and equipment at adjustable rates with payments amortized over 25-year terms.