Many small business owners think financing a commercial real estate purchase isn’t an option because they’ve heard the down payments can be very high. However, there are options for business owners who can’t afford to contribute 20, 30 or even 35 percent...
To understand how SBA 504 interest rates are determined and why they can provide borrowers with tremendous savings, it’s helpful to understand the three-part structure of 504 loans. 504 Loans typically offer 90% financing, with some variances for start-ups or...
There is a new member of the SBA 504 loan family. To better meet some borrowers’ needs, a 25-year loan term option became available April 2, 2018, which is in addition to the 10-year and 20-year loan options already offered. SBA’s recent announcement of a 25-year...
On February 21, 2018, Congressman Mike Bost (IL-12) visited a rural small business, Magnum Steel Works, Inc., in Mt. Vernon, Illinois. The purpose of this visit was to get a firsthand glimpse of the impact local business expansion has on its community. He also...
Is your Accounting Firm recommending SBA 504 Loans? As a professional intimately familiar with a business client’s financials, stepping beyond tax prep and bookkeeping into the role of consultant makes sense for both your client and your accounting practice. ...
There will soon be a new member of the SBA 504 loan family. To better meet some borrowers’ needs, a 25-year loan term option will become available in 2018, which will be in addition to the 10-year and 20-year loan options already offered. SBA’s recent announcement...
