The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application portal tomorrow, April 8, 2021, for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some [...]
The rigors and challenges of owning a small business can be intense at times. And when it comes to getting a business loan, it’s not uncommon for to see small business owners sometimes make mistakes which leads to their loan not getting approval. To help avoid such problems, here are a few mistakes to [...]
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 [...]
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. [...]
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 [...]
What are the top ten reasons for doing business in LA County? With the help of the LA County Economic Development Corporation, here are 20 great reasons to start and run a business right here in Los Angeles County: 1. Large market The area is a large market in its own right, and it [...]
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 [...]
Meet BFC’s Senior Vice President Lisa Matta in our quick, "5 Questions" interview series: What is your favorite thing about working at BFC? I love working at Business Finance Capital. We really focus on being SBA specialists. What did you do prior to joining the BFC team? I have been in the banking industry for [...]
The SBA's 25-year loan product, which had its first funding in July of 2018, reached a milestone last month after its warm reception twelve months ago from small businesses, banks, and investors; the total amount lent under the program hit a face value of $1.04 billion, skimming past the $1 billion funding milestone in the final [...]
President Trump recently announced that he intended to nominate Jovita Carranza, the U.S. treasurer, to lead the Small Business Administration. This comes after former pro-wrestling executive Linda McMahon announced last week that she was stepping down. "I am pleased to announce that Jovita Carranza will be nominated as the new @SBAgov Administrator," Trump said Thursday [...]
