The First National Bank of Carmi504 LoanRegistry illustration · issuer artwork unavailable
504 LoanThe First National Bank of Carmi · N bank, IL · FDIC 3777
CurrentLast observed Oct 5, 2026Source date Oct 5, 2026Official issuerBusiness loan · Business
Loan amount
Not parsed
Loan term
Not parsed
Collateral
Not parsed
Prepayment penalty
Not parsed
Rates and fees
| Term | Value | As printed in the source | Source |
|---|---|---|---|
| Loan amount | Not parsed | no source read | |
| Loan term | Not parsed | no source read | |
| Collateral | Not parsed | no source read | |
| Prepayment penalty | Not parsed | no source read | |
| Maximum loan to value | Not parsed | no source read | |
| Draw period | Not parsed | no source read | |
| Repayment period | Not parsed | no source read | |
| Rate floor | Not parsed | no source read | |
| Rate cap | Not parsed | no source read | |
| APR | — | no source read | |
| Fees | — | no source read | |
| Access to fundsA 504 has nearly the same eligibility requirements as the 7(a), however the funding uses are more structured and fall into three main categories – buying commercial real estate, financing improvements within that real estate and purchasing large equipment. Low down payment of typically 10% Fixed or floating interest rate options Increased loan amounts of up to $15 million Fueling growth and success for SE Illinois and SW Indiana businesses. Our in-house Small Business Administration (SBA) team has expertise to guide you through the SBA loan process smoothly and efficiently. Dream big, and achieve bigger, with a First Bank SBA 7(a) or 504 loan. More flexible terms Lower down payments Reduced fees compared to traditional business loans Ideal for starting a new venture, expanding current operations, or needing working capital and major fixed asset purchases Loans subject to credit approval by First Bank and the Small Business Administration. First Bank cannot provide tax or legal advice. Please seek the guidance of a tax or legal professional if you have questions. Approved to offer SBA loan products under SBA's Preferred Lenders Program. | WithheldThe First National Bank of Carmi · Page Capture Oct 5, 2026 · Captured Oct 5, 2026 | “A 504 has nearly the same eligibility requirements as the 7(a), however the funding uses are more structured and fall into three main categories – buying commercial real estate, financing improvements within that real estate and purchasing large equipment.”The First National Bank of Carmi · Page Capture Oct 5, 2026 · Captured Oct 5, 2026 | Website |