Our experienced local staff at Alloy Commercial Capital, is available to help borrowers with their questions and to comply with the terms of their loan. Please be advised, you must be a borrower or be able to prove that you are an authorized representative of the borrower to obtain loan information.
We are happy to provide this information to you via telephone. You will be asked to provide us with the following Information: Loan number, Name of the Requester, Name of the Business, Phone Number, and e-mail address if applicable.
SBA recommends that your payment be made through ACH. In the event your automatic debit is rejected you will be asked to wire in your payment. We are happy to assist you with the wiring instructions.
The wiring instructions are as follows:
Wells Fargo Bank, NA
420 Montgomery Street
San Francisco, CA 94104
– ABA#: 121000248
– Beneficiary Account #: 4000113241
– Beneficiary Account Name: SBA 504 Master Deposit Account
– Reference: Loan # _____________ (insert 504 loan # here)
– Borrower Name: __________________ (insert Borrower name)
Attn: SBA 504
– Amount to be wired: your loan payment amount. All payments received after the 15th of the month will be assessed a late fee of $100.00 or 5% of your loan payment, whichever is greater. Please direct questions via email to loanservicing@alloydev.org.
504 Loans are funded by way of a monthly bond sale on the secondary market which requires a slightly different payoff process than a typical bank loan. Partial prepayments are not accepted.
According to the terms of your SBA 504 Loan Authorization you are required to insure your property for the full insurable value on a replacement cost basis. Evidence of property insurance (and flood insurance if required) must be provided and kept current for the life of the loan by the owner of the property.
U.S. Small Business Administration is to be listed as a second mortgagee or loss payee, worded as follows:
U.S. Small Business Administration
c/o Alloy Commercial Capital, ISAOA, ATIMA
1776 Mentor Avenue, Suite 100
Cincinnati, Ohio 45212
Please have your agent forward applicable certificates and/or evidence to Alloy Commercial Capital yearly and/or upon request.
Please direct questions to your servicing agent to loanservicing@alloydev.org.
The submission of annual financial statements is part of the loan commitment. Yearly tax returns are preferred. Please submit your annual financial statement (balance sheet and income statement) and or tax returns to our office upon annual completion or upon request. Should you file an extension with the IRS for your annual return, please forward a copy of the extension to Alloy Commercial Capital.
Please direct questions to your servicing agent to loanservicing@alloydev.org.
In some cases, a loan assumption may be more advantageous than prepaying a 504 loan. Assumption of a loan may be a way of transferring a better interest rate than current market rates and there are no prepayment premiums. SBA 504 may be assumed by a new borrower provided:
Fill out our form or email us at loanservicing@alloydev.org for more information on your current loan.