The new SBA 504 Refinance offers big benefits and more small businesses may be eligible. The biggest changes were a reduction in the age of the debt to be refinanced and the ability to refinance existing loans with government-guarantees (i.e. existing 7(a) or 504...
August 18, 2021 – As part of Governor JB Pritzker’s overall economic recovery strategy, the $250 million Back 2 Business (B2B) grant program aims to deploy small businesses recovery grants for those hit hardest by the COVID-19 pandemic. The B2B grant program builds on...
Today (July 29, 2021), SBA published the new interim final rule for 504 debt refinancing programs as authorized under section 328 of the Economic Aid Act. The interim final rule is effective immediately on July 29, 2021. Section 328(a) of the Economic Aid Act revises...
The SBA and its loan programs have always played a crucial role in the strength and advancement of our small business sector and in fostering economic growth. During the COVID-19 pandemic, SBA also demonstrated a quick and massive implementation of initiatives aimed...
The U.S. Small Business Administration’s (SBA) 504 Loan Program was designed for businesses to invest in commercial real estate…whether that be purchasing real estate, buying or constructing buildings, and/or modernizing facilities. With below-prime rates...
