New SBA 504 loan fees apply to loans approved October 1, 2022, through September 30, 2023, and include a lower upfront guaranty fee, but a slightly higher annual service fee. SBA 504 Loans The SBA 504 Loan Program is designed to help business owners be...
Most know that the #SBA504 program can finance equipment projects (typically 10-year debenture) and/or real estate projects (typically 20- or 25-year debentures). However, did you know that equipment can be included in a 20- or 25-year real estate project? When the...
Lower interest rates this month! Remember…key benefits of the SBA 504 Loan Program are: no rate adjustments, no increased loan payments, no surprises. Just a predictable payment schedule for the life of the commercial loan!
Don’t let an appraisal shortfall derail your deal! Newly implemented rules allow for up to a 10% shortfall in appraised value for SBA 504 Loans! NEW SBA APPRAISAL RULES On July 29, 2022, SBA released SBA_Proc_Notice_5000-835230 revising procedures relating to...
As an ALP Express Lender, effective immediately, Growth Corp can provide expedited processing for 504 Loans of $500 thousand or less! What is ALP Express? The ALP Express Program is a new loan program that provides delegated authority for ALP CDCs, such as Growth...
