The SBA 504 Loan Program can be a valuable resource for small business owners facing a balloon payment by providing refinancing options with competitive rates, longer repayment terms, and fixed-rate financing. It helps alleviate financial stress and provides a pathway...
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...
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...
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...
The Small Business Administration (SBA) will increase its business size standards effective March 18, 2024. Eligible businesses will now include those with a Tangible Net Worth of not more than $20 million (up from $15 million), and Average Net Income...
