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 [...]
Links & Resources for Businesses impacted by COVID-19 Presented by Business Finance Capital As we continue to forge ahead during this crisis, please refer to the following links and resources for additional information. Also, please feel free to contact us here at BFC as needed. Call: 1-800-SBA-REAL Updated 4/7/2020 SBA 504 LOAN RELIEF INFORMATION: [...]
The SBA 504 Loan has three components: 1) direct commercial loan from the private sector covering 50 percent of the project, and secured by a senior lien. 2) a loan secured with a junior lien from a CDC (like us at BFC) covering up to 40 percent of the cost, and backed by a [...]
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 [...]
