Here at BFC, we're a team of many working hard to serve one purpose: to make each and every client's dream of THINKING BIG come true. To learn more about who were are and how we work, check out our latest video! https://youtu.be/5s9FxftJ86c
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 Small Business Administration (SBA) 504 Loan Program completed its largest monthly funding of loans in the program's 34-year history, including 1,462 loans for $1,284,274,000 – more than double the previous record set in September 2012. Historic levels of 504 loan closings and fundings were driven by record low interest rates and debt relief provided by [...]
A discussion about the Paycheck Protection Program (PPP) from an SBA Lender’s Perspective. Stephanie Chung Business Development Officer at Business Finance Capital D: 925.900.3344 E: stephanie@bfcfunding.com 1. The PPP experience has been a challenge from the perspective of a borrower, but what has the experience been like on the lending side? How has your [...]
At BFC, we're always excited to share the news when a new team member joins our team. Please welcome Lee Kleinman, as BFC's newest Business Development Officer. Kleinman comes to BFC with more than 30 years’ experience in commercial lending throughout California, having served most recently as Senior Vice President, Senior Commercial Lender for Wells Fargo. As we [...]
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 [...]
Despite what you may have heard or think, the rumor about SBA loans taking forever to close isn’t true! It’s possible certain things can slow down the process, but with adequate preparation, the loan process can move much more quickly. Speaking of slowing things down, it’s not uncommon for borrowers to mix up their personal [...]
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 [...]
The SBA 504 Loan Program ("the 504" for short) gets a bad rap sometimes. True, the Small Business Administration has some stringent eligibility requirements and the process can be exhaustive, but that doesn't mean it's not attainable for the thousands of businesses that qualify every year. Let's look at FIVE common misconceptions regarding the 504: [...]
