More and more small business owners are turning to SBA loans as a quality source of capital. That’s why its important to be aware of what’s new with SBA 504 lending and why volume isn’t expected to slow any time soon. We have good news…not only did...
In the realm of business finance, choosing between fixed and variable rate loans can significantly impact long-term financial stability. While variable rates fluctuate with market conditions, fixed interest rates offer predictability and security over an extended...
There is now no limit to the number of SBA 504 Green Energy Public Policy Projects or the aggregate dollar amount outstanding. The SBA 504 Green Energy Loan Program allows businesses to go green to benefit the environment while also exceeding typical SBA lending...
Grace Ballet & Acrobatics Studio, owned by Anna Johnson, has successfully operated for two decades, and with the assistance of the SBA 504 Loan Program, she was able to lock in a lower fixed interest rate to increase profit margins and create stability. Grace...
For more than 50 years, the U.S. Small Business Administration (SBA) has celebrated National Small Business Week, which recognizes the critical contributions of America’s small business owners. This year, National Small Business Week takes place April 28 – May 4,...
Join us for a series of 2024 Illinois Lender Forums. SBA’s Illinois District Office, SCORE and Illinois’ SBDC Network are holding a series of free forums to update commercial lenders on agency programs and services. Topics will include SOP 50 10 changes, Lender...
If your business plans include green energy improvements, the SBA 504 Loan Program can not only help with financing, but also help you keep more money in your pocket. The U.S. Small Business Administration (SBA) and U.S. Department of Energy (DOE) are teaming up on a...
Local banks and credit unions are partners in SBA 504 Lending…not competitors…so you can keep the local banking relationship you know and love while still getting all the benefits of the U.S. Small Business Administration’s (SBA) 504 Loan Program....
Are you in the market to finance new construction? 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 location is...
For banks interested in obtaining Community Reinvestment Act (CRA) Credits, there are new changes ahead that will make it easier! On October 24, 2023, the Federal Reserve, the FDIC, and the OCC issued a Final Rule amending the agencies’ Community Reinvestment Act...
