We wanted to relay the latest information we have received from the U.S. Small Business Administration (SBA) regarding a reduction in the debt relief benefits originally authorized under the Economic Aid Act enacted December 27, 2020. In Section 325 of the Economic...
Attention small business owners: If you’re tired of paying rent for your business, you need to know about a government-backed financing option that can help you buy or build a new facility for your business: the SBA 504 Loan Program. Should I Rent or...
Many small business owners may wonder if expanding into multiple locations is possible using the SBA 504 Loan Program. The answer is yes! SBA 504 financing can actually be leveraged several times simultaneously, up to SBA’s lending limits. This is a smart move...
The U.S. economy thrives on competition…in fact, healthy competition drives ingenuity and keeps prices down. But in the age of a pandemic, businesses joining forces to help support and promote other businesses is becoming not only normal, but an important way to...
Before it has investors, customers, profits, press coverage, or even a perfected product, every company has at least one valuable asset: its founding story. The Founding Story… As a 1985 graduate of Southern Illinois University, with a degree in finance and...
Need a squad? Are you a woman-owned business looking to gain greater access to major corporations and government agencies? Being a certified Woman Owned Business is a tool designed to increase opportunities for women. It’s not a charity program and it is not intended...
As you consider your goals, remember that it is never too early to start planning for 2021. Whether those needs are 2 months out, or 2 years down the road, preparing for your goals and “what-ifs” will reduce some of the stress when those actual moments do arise. Do...
A question we get asked often is, “Can the SBA 504 Loan Program help me get cash out from the equity in my building?” 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,...
The U.S. Small Business Administration (SBA) is dedicated to honoring the veterans that served in our country’s military and recognize the vast business potential they represent. In fact, SBA 504 Loans were specifically designed to help veteran-owned businesses...
$750B in loans put the small business sector on the road to recovery. (October 29, 2020) – The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well...
