Our Portfolio Team is here to help you understand your loan, including payment structure, prepayment considerations, and available statements. If questions come up, we’re always ready to support you.
To get started, complete the Borrower Request Form. We’ll review your submission and follow up with any additional documentation needed.
One of the key benefits of a Small Business Administration (SBA) 504 loan is stability. Your interest rate is fixed for the life of the loan, giving you predictable monthly payments you can plan around with confidence. While monthly payments adjust every five years, your interest rate remains the same throughout the life of the loan.
SBA 504 loans include a prepayment penalty. For most loans, this penalty applies for the first ten years and decreases over time. The calculation is based on a percentage of the annual interest associated with your loan. If you’re considering paying off your loan early, our team is happy to provide a detailed prepayment schedule so you can make an informed decision.
Each January, B:Side receives annual statements from the Small Business Administration and distributes them to borrowers as soon as they are available. If you need information sooner, you’re welcome to contact our Portfolio Team at any time to request a loan history report. This report provides a detailed summary of your current balance and payment history, so you always have a clear picture of your loan.
If you have questions about your SBA loan or would like additional documentation, we’re here to help.
Need to get in touch with B:Side’s Portfolio Team? Simply fill our the Borrower Request Form and follow steps to submit your request. We will get back to you within one business day. If you have an urgent matter, please call or send us an email.