It takes money to make money, and investing in your small business is a sure way to make profits and make more profit. There's no growth without investment. The problem comes with managing business costs and investing while staying afloat, especially if your enterprise is small and is facing financial difficulties. That's where a [...]
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 [...]
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 [...]
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 [...]
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 [...]
It shouldn’t come as a surprise that SBA 504 loans are a hot commodity these days. With the recent introduction of the SBA’s Economic Injury Disaster Loan program and the Paycheck Protection Program, it seems there are (at this moment) a variety of options for business owners to choose from to obtain small business loans. [...]
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 [...]
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 [...]
