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 [...]
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 [...]
It shouldn’t come as a surprise that SBA 504 loans are a hot commodity these days. With the recent introduction of the SBA’s Economic Injury Disaster Loan program and the Paycheck Protection Program, it seems there are (at this moment) a variety of options for business owners to choose from to obtain small business loans. [...]
https://youtu.be/SZUdrWWo0RU When it comes to starting a business, it’s extremely common for business operators that have warehouses, offices, even storefronts, to start their businesses in a leased property. It makes sense because it’s more affordable to rent versus own (at least in the beginning), and typically it’s faster to find a location to rent [...]
Meet BFC’s Senior Vice President Lisa Matta in our quick, "5 Questions" interview series: What is your favorite thing about working at BFC? I love working at Business Finance Capital. We really focus on being SBA specialists. What did you do prior to joining the BFC team? I have been in the banking industry for [...]
The SBA's 25-year loan product, which had its first funding in July of 2018, reached a milestone last month after its warm reception twelve months ago from small businesses, banks, and investors; the total amount lent under the program hit a face value of $1.04 billion, skimming past the $1 billion funding milestone in the final [...]
Every four years, the SBA releases a strategy document for the current and upcoming years. In the document Strategic Plan FY 2018-2022, the SBA renews its commitment to providing relevant products and services to America’s small businesses. Once every four years, the Small Business Administration releases a document that outlines the agency’s strategy for the [...]
SBA 504 Loans are a great way to support and grow your business by enabling business owners to finance commercial real estate or large equipment. The 25-year term loan (which the SBA unveiled four months ago) complements the 20-year and 10-year terms that are commonly offered with 504 loans. William Manger, Associate Administrator for the [...]
