Your payment must be automatically debited from your bank account. In the event your automatic debit does not go through you will be asked to wire in your payment.
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: 504 Master Deposit Account
SBA Loan Number: ______________________________________
Borrower Name: ________________________________________
Attention: SBA 504 Loan
Monthly payments are due on the first business day of each month. 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. The late fee is in addition to the regular monthly payment.