California Bank & Trust Offers Fixed-Rates on SBA 504 Loans for Commercial Real Estate

California Bank & Trust is currently offering 25-year fixed-rates on commercial real estate loans qualifying for the Small Business Administration’s 504 program.

The 25-year fixed-rate option allows small businesses to lock in long-term financing at the current historically low rates. The fixed-rate option is the latest addition to the small business loan options from California Bank & Trust, a bank that reaches out to small businesses in the local community.

SBA 504 loans are designed to provide financing for the purchase of fixed assets, including owner-occupied commercial real estate, at below market rates. The bank’s SBA 504 loan program is also providing the ability to refinance debt used to acquire property for a limited time.

“California Bank & Trust is dedicated to promoting small business expansion through a variety of loan programs designed for the specific capital needs of growing businesses.” – Chico Perez senior vice president and SBA sales manager California Bank & Trust

“It continues to be our long-standing belief that a significant investment in local businesses will prove mutually beneficial for California Bank & Trust and the local community,” he added.

California Bank & Trust’s investment in the success of small businesses extends to its parent company, Zion??s Bancorporation, as well. Earlier this year, Zion??s was honored with a National Association of Development Companies Organization (NADCO) Bank of the Year Award. The NADCO recognized the bank for making the largest number of SBA 504 loan program first mortgage loans in the country.

California Bank & Trust is fully committed to making SBA 504 loans an attractive option when financing commercial properties. The bank is substantially invested in the success of small businesses and leverages its experienced SBA financing specialists to continue to build its small business loan portfolio.