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 [...]
The SBA's 504 Loan Program helps small business owners save capital by requiring only a 10% borrower contribution. How it works is the SBA authorizes CDCs (that'd be us here at BFC) to provide financing to small businesses with the help of third-party lenders (conventional banks). Here's a quick primer on how it works as [...]
Are you looking to finance the purchase of new real estate or machinery for your business? Or, maybe you’re seeking to make upgrades to your facility? If so, the Small Business Administration’s 504 Loan Program offers additional financing options in tandem with a conventional bank loan to several types of small business owners. How [...]
