Ocean State Business

Development Authority, Inc.

SBA 504 Loan

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Typical Transaction

Cost

Acquisition of Building	$	800,000
Renovations	$	100,000
Machinery	$	50,000
Soft Costs	$	50,000
Total	$	1,000,000

Financing

Bank - First Mortgage	$	500.000	- Permanent Loan
OSBDA/SBA - 2nd Mortgage	$	400,000	- Permanent Loan
Equity	$	100,000
Total	$	1,000,000