Small Business Loan Program Seeing Double-Digit Growth

Why this small business loan program continues to show double-digit, year-over-year growth, especially in these extraordinary times. Created over 30 years ago, the SBA 504 Loan Program is a small business loan program authorized by the U.S. Small Business...

Women’s Small Business Month

October is National Women’s Small Business Month, which means it’s time to celebrate and recognize the myriad achievements of our country’s female entrepreneurs, and the positive impact they are making on jobs and the economy.   Women in Business...

Helping Your Rural Business Grow with SBA 504

  If you’re a rural business, you should be aware of an SBA loan program created specifically to help you grow and expand.  The SBA 504 Loan Program, an economic development tool designed to help rural businesses, provides long-term, fixed-rate financing to...

Who Is a Good Candidate for 504 Loans?

So, what type of borrower is a good candidate for 504 Loans?  “Well, essentially, the big national chains don’t need us.  However, just about any other for-profit business owner who wants to build, buy, or improve a commercial property, purchase long-term equipment or...

Illinois Offering Second Round of Business Interruption Grants 

$220 Million Available for Business Owners through Second Round of the Business Interruption Grants CHICAGO — Governor JB Pritzker joined the Illinois Department of Commerce and Economic Opportunity (DCEO) today in announcing the latest in a series of grants made...

Finance the Construction of Your New Facility with SBA 504

Are you in the market for a commercial construction loan?   Maybe your business has grown and it’s time to move into your own building.  Maybe you’ve even looked at commercial real estate for sale or lease, but you just haven’t found what you’re looking for.  The...

August 504 Rates are Lowest Ever Recorded

With the August 2020 debenture pricing, we are seeing the lowest rates ever recorded for SBA 504 loans.  Small business owners looking to refinance, purchase equipment or build/buy/renovate commercial real estate will find the SBA 504 Loan’s 25-year and 20-year fixed...

Addressing Myths About SBA 504 Loans

Every year, the U.S. Small Business Administration (SBA) helps Americans secure billions of dollars in financing so they can start or grow a business. However, we still hear some common myths associated with SBA 504 loans. While some are harmless misunderstandings,...

July 504 Rates are at Historic Lows

With the July 2020 debenture pricing, we are seeing historic low rates for SBA 504 loans.  Small business owners looking to refinance, purchase equipment or build/buy/renovate commercial real estate will find the SBA 504 Loan’s 25-year and 20-year fixed interest rates...

Access Working Capital with SBA 504 Refinancing

A question we get asked often is, “Can the SBA 504 Loan Program help me access working capital?” Yes…SBA 504 Refinance Loans provide access to equity a borrower has built up in real estate while re-amortizing with a low, long-term, fixed interest rate...