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 [...]
At BFC Funding, we believe in the power of the testimonial! We also recognize how important the SBA 504 Loan Program is to helping business owners reach and achieve their dreams of property ownership. Please enjoy the video below from Eduard Azarian, an Olympic Gold Medalist and founder of Azarian Gymnastics. Hope you find it as [...]
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: [...]
