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
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 [...]
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 [...]
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 [...]
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 [...]
Young fashion designer making pattern and talking on the phone The U.S. Small Business Administration announced FY19 lending numbers showing that it guaranteed over $28 billion to entrepreneurs that otherwise would not have access to capital to start, grow, or expand their small businesses. "A strong economy is powering America's 30 million small businesses, and the [...]
