What is an SBA 504 loan? Small Business Administration (SBA) loans are typically more attractive to small business owners compared to other conventional financing options due to their low interest rates and long repayment terms. An SBA 504 loan or 504 business loan offers long-term financing of up to 25 years for major fixed assets such as [...]
The SBA Administrator Isabella Casillas Guzman recently announced that the U.S. Small Business Administration will begin accepting applications for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted. “Restaurants are the core of our neighborhoods and propel economic activity on main streets across the [...]
The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portal tomorrow, April 8, 2021, for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some [...]
Two weeks ago, the Biden-Harris Administration made several reforms to the Paycheck Protection Program (PPP) to further ensure small businesses get the help they need, especially Mom-and-Pop businesses in underserved communities. Putting equity at the center of its policies and programs, the Biden-Harris Administration launched a comprehensive plan to engage small businesses and nonprofits, focusing on [...]
Business Finance Capital (BFC) is a CDC proudly serving the Greater Los Angeles business community. A Certified Development Company or CDC is a non-profit corporation that promotes economic development within its community through SBA 504 loans. A Certified Development Company is certified and regulated by the Small Business Administration and serves as a bridge [...]
Small Business Administration (SBA) 504 loan is a wondrous small business loan opportunity for small businesses to gain the financial support they need to acquire working capital. Small businesses can borrow up to 90% of a project cost to purchase commercial assets such as the following: Existing buildings or land (real estate) New facilities Long-term [...]
The Small Business Administration (SBA) 504 loan is a helpful and competitive small business loan option for companies that are looking to grow. SBA 504 loan gives small businesses the financial resources they need to acquire commercial assets such as real estate and purchase or improve equipment, machinery, or new buildings! A key benefit [...]
The rigors and challenges of owning a small business can be intense at times. And when it comes to getting a business loan, it’s not uncommon for to see small business owners sometimes make mistakes which leads to their loan not getting approval. To help avoid such problems, here are a few mistakes to [...]
For businesses seeking to grow, expand and flourish into 2021, the SBA 504 Loan Program is a tremendous option. And despite what some think, the 504 Loan Program is actually designed to help more businesses get funding to help strengthen local economies, create jobs and business better business environments.We get it. The loan process can [...]
If you're a small business in need of additional capital, the SBA's 504 Loan Program can help your business solve and overcome a variety of obstacles to ensure your business has what it needs to grow and succeed. To get started, you need a certified development company (that's us at BFC) to help you [...]
