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...
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...
With the turn of a new year, are you thinking about seizing new opportunities to grow your business? That’s why the U.S. Small Business Administration (SBA) developed the 504 Loan Program…to offer business owners a more affordable and accessible way to grow and...
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...
