Recently, Patricia "Patti" Kibbe, NADCO Board Secretary and Executive Committee Member as well as President & CEO of Evergreen Business Capital, testified before the United States Senate Small Business and Entrepreneurship Committee during a hearing titled, "Reauthorization of the SBA's Access to Capital Programs." "It was a true honor to represent the 504 industry and Certified [...]
Every four years, the SBA releases a strategy document for the current and upcoming years. In the document Strategic Plan FY 2018-2022, the SBA renews its commitment to providing relevant products and services to America’s small businesses. Once every four years, the Small Business Administration releases a document that outlines the agency’s strategy for the [...]
SBA 504 Loans are a great way to support and grow your business by enabling business owners to finance commercial real estate or large equipment. The 25-year term loan (which the SBA unveiled four months ago) complements the 20-year and 10-year terms that are commonly offered with 504 loans. William Manger, Associate Administrator for the [...]
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: [...]
At BFC, we have some extraordinary people! Take a moment and meet BFC’s Carly Naples in our first “5 Questions with BFC” installment! What do you do at BFC? My title is Vice President - Business Development Officer, and I’ve been with the company for four years now. My role is to help guide clients [...]
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 [...]
