TMC Financing Helps Les Lunes Wine Secure $3.8M for Building and Equipment Purchase with only 10% Down The SBA 504 loan program was clearly the best option for us. In fact, conventional loans just weren’t even feasible, given the much higher owner equity that they require,” states vintner Shaunt Oungoulian, owner of Les Lunes. Conventional commercial mortgages typically require 20-30% as a down payment, while most SBA 504 loans only require 10%. SBA 504 financing for commercial real estate and essential equipment Another advantage that was important for Shaunt and Diego Roig was that the SBA 504 loan program allowed them to roll the cost of equipment into the loan package – something that’s not available through conventional real-estate loans but was critical for them. In this way, the Les Lunes team also benefits from the longer amortizations available with the SBA 504 loan program, with more affordable monthly payments. “A key benefit for us was that TM