$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...
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...
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...
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...
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...
$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...
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...
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...
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,...
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...
