Available Now – A 25-Year Term for SBA 504 Loans

There is a new member of the SBA 504 loan family.  To better meet some borrowers’ needs, a 25-year loan term option is available, which is in addition to the 10-year and 20-year loan options already offered.  SBA’s announcement of a 25-year debenture has been very...

Think Outside the Box with SBA 504 Loans

When conventional financing isn’t readily available, it’s time to think outside the box.  SBA 504 Loans oftentimes mitigate many of the obstacles that prevent a commercial loan approval. SBA 504 Loans Remove Common Barriers Credit risk Industry exposure...

Kick-start Business Growth With Help From the 504

America has over 30 million small business owners. These innovative entrepreneurs are the engine of job creation and economic growth in our country. The U.S. Small Business Administration (SBA) ensures these businesses have the tools and resources necessary for...

Refinance: A New Opportunity for Existing Businesses

Small business owners can use the long-term, fixed rate 504 Loan Program to refinance existing commercial mortgages.  This is huge considering the current trends are pointing toward tighter credit standards and higher interest rates.   SBA 504 Refinance Program...

How to Finance Real Estate with a Low Down Payment

Many small business owners think financing a commercial real estate purchase isn’t an option because they’ve heard the down payments can be very high. However, there are options for business owners who can’t afford to contribute 20, 30 or even 35 percent...

Buying a Building in a Rising Interest Rate Market

In a rising interest rate environment, the cost of capital inches higher for all small businesses, but especially those who need to purchase new properties.  Since the 2008 financial crisis, small business owners have relied heavily on loans with adjustable interest...

How Are SBA 504 Interest Rates Determined?

To understand how SBA 504 interest rates are determined and why they can provide borrowers with tremendous savings, it’s helpful to understand the three-part structure of 504 loans. 504 Loans typically offer 90% financing, with some variances for start-ups or...

New 25-Year SBA 504 Loans

There is a new member of the SBA 504 loan family.  To better meet some borrowers’ needs, a 25-year loan term option became available April 2, 2018, which is in addition to the 10-year and 20-year loan options already offered.  SBA’s recent announcement of a 25-year...

Free Lender Forums Offered by SBA and SBDC

SBA is teaming up with Small Business Development Centers throughout Illinois on a series of free forums to update commercial lenders on agency programs and services. Topics will include SOP 50 10 changes, new franchise review processes, new equity injection...