Construction hotel loans are fairly difficult to obtain. They are even more difficult to process through the SBA 504 program. Much more precise projections are required by the SBA and the SBA processing center reviews and weighs in the assumptions made for the projections. When these projects are handled by Scientific Capital, a standard processing time is required to close these loans. Without Scientific Capital’s organized and professional handling of the project, without being a step ahead of the parties involved when documents are required, the project will take much longer and will be more difficult. There are many failing points that Scientific Capital will be able to safeguard the project such as couple of such instances in this project. The borrowers themselves do not have the position, the background, the knowledge, and the relationship to save the project in these instances.

With the 504 loans, it is generally possible to finance 80% of the total construction project cost with 50% of the project financed by the first lender and the 30% financed by the SBA.