Management Experience : resumes of each owner and key management members.
Loan Repayment : brief written statement indicating how the loan will be repaid, including sources and time requirements. Cash flow schedules, budgets, and other appropriate information should support this statement.
Collateral : list real property and other assets to be held as collateral.
Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50% of the project cost, a loan secured with a junior lien from the CDC/SBA 504 (backed by a 100% SBA-guaranteed debenture) covering up to 40% of the costs, and a contribution of at least 10% equity from the small business being helped.