Question on 504 loan limits
I'm trying to get an idea of how much a bank will approve a business for. Do they look at annual profits as the main factor to see what ratio the interest coverage is?

For example if you're paying 3k per month to lease, what purchase price can you get approved for?
[{"id": "fsp2ctc", "text": "Probably better luck applying for PPP right now. If your client/business is too big to fail, then there is unlimited bond buying from the fed to get in on.", "replies": [{"id": "fsp5m2c", "text": "An SBA 504 loan is for real estate purchases which is what I'm really getting at regarding limits.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ft1w6z7", "text": "Pretty sure what your currently renting has nothing to do with lending limits. They lend 85-90% LTV depending on the type of property.", "replies": [], "depth": 1}, {"id": "fv3bck9", "text": "Most banks will rely on cash flow. 504 can go as low as 10% down. Cash flow calc is different for every institution. I\u2019m a commercial lender, I can help size your loan if you\u2019re interested", "replies": [], "depth": 1}]