So, what type of borrower is a good candidate for 504 Loans? “Well, essentially, the big national chains don’t need us. However, just about any other for-profit business owner who wants to build, buy, or improve a commercial property, purchase long-term equipment or...
$220 Million Available for Business Owners through Second Round of the Business Interruption Grants CHICAGO — Governor JB Pritzker joined the Illinois Department of Commerce and Economic Opportunity (DCEO) today in announcing the latest in a series of grants made...
Are you in the market for a commercial construction loan? Maybe your business has grown and it’s time to move into your own building. Maybe you’ve even looked at commercial real estate for sale or lease, but you just haven’t found what you’re looking for. The...
With the August 2020 debenture pricing, we are seeing the lowest rates ever recorded for SBA 504 loans. Small business owners looking to refinance, purchase equipment or build/buy/renovate commercial real estate will find the SBA 504 Loan’s 25-year and 20-year fixed...
Every year, the U.S. Small Business Administration (SBA) helps Americans secure billions of dollars in financing so they can start or grow a business. However, we still hear some common myths associated with SBA 504 loans. While some are harmless misunderstandings,...
With the July 2020 debenture pricing, we are seeing historic low rates for SBA 504 loans. Small business owners looking to refinance, purchase equipment or build/buy/renovate commercial real estate will find the SBA 504 Loan’s 25-year and 20-year fixed interest rates...
A question we get asked often is, “Can the SBA 504 Loan Program help me access working capital?” Yes…SBA 504 Refinance Loans provide access to equity a borrower has built up in real estate while re-amortizing with a low, long-term, fixed interest rate...
If you want to jump into entrepreneurship, opening a franchise could be a good way to become a small business owner while take full advantage of the support and name recognition of an established brand. And when it comes to financing a franchise, the SBA 504 Loan...
America’s entrepreneurs are innovative, brave and impactful…utilizing their skills/creativity to not only support their own families, but to make our neighborhoods vibrant places to live and work. Consider the ways our economies are improved when small businesses...
Access to capital is consistently one of the top challenges entrepreneurs and small businesses encounter, making the SBA 504 Loan Program a vital resource to economic growth and job creation. We’re happy to report SBA 504 Loan Volume is up 15% so far in Fiscal Year...
