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 [...]
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 [...]
Reason 1: Down payments are much more reasonable Compared to convention loans, the SBA 504 Loan Program only requires 10% down—making it a much more affordable option for small business owners. Conventional loans may require down payments that are 2-4 times greater than what the SBA 504 loan requires. Reason 2: A low, fixed [...]
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 [...]
