When it comes to SBA 504 Loans, it matters which Certified Development Company (CDC) you work with. Those who have investigated the U.S. Small Business Administration’s (SBA) 504 financing options have probably seen a reference to a Certified Development Company...
Dispelling the myths about SBA 504 Loans is important so that small businesses don’t miss out on an incredible financing opportunity. In Fiscal Year 2023, more than 5,900 SBA 504 Loans were made to businesses nationwide, totaling $6.4 billion. Despite this...
Recently, we’ve received more questions regarding the eligibility of financing a change of ownership (the buyout of a business partner) under the SBA 504 Loan Program. The SBA 504 was designed for small business owners to finance commercial real estate and...
SBA published in the Federal Register a Final Rule on the SBA 504 Refinance Program that made the program easier to use. The effective date of the Final Rule and changes is November 13, 2023. SBA 504 Refinance Improvements Include The program is able to...
The SBA 504 pre-payment penalties are often misunderstood by both borrowers and industry professionals. A question we often get is: “Are there pre-payment penalties with SBA 504 Loans”? The answer is yes, but it’s not as bad as you might think....
In Fiscal Year 2022, more than 9,200 SBA 504 Loans were made to businesses nationwide, totaling $9.2 billion. Despite this incredible success, the 504 Loan Program remains under-utilized by lending organizations, possibly because of some erroneous misconceptions still...
