Small Business Loans are sooo close to getting better and you can help. The House and Senate have drafted very similar bills to increase access to capital for Small Business, but neither has gained enough traction yet. The Senate Committee on … [Continue reading] about SBA Loan – Need One? Call Your Congressperson…
SBA Jobs Bill…not just another job’s bill…
Changes to Small Business Loan Programs Should Help Many A new bill that could go along way towards helping America's small businesses get back on their feet is currently being considered in Washington. The bill would likely give banks and … [Continue reading] about SBA Jobs Bill…not just another job’s bill…
SBA 7a Loans
SBA 7a Loans This blog is primarily about the SBA 504, but there is another SBA loan program that needs to be discussed - the SBA 7a loan. At the moment, 7a loans are MUCH easier to qualify for than 504 loans and they are more flexible than the … [Continue reading] about SBA 7a Loans
New (Much) Higher SBA 504 and SBA 7a Loan Limits
New (Much) Higher SBA 504 and 7a Loan Limits Proposed Last week President Obama announced that his administration is seeking to raise the loan limits for both SBA 7a loans and SBA 504 loans. His proposal would take the 7a loan limit from it's … [Continue reading] about New (Much) Higher SBA 504 and SBA 7a Loan Limits
SBA Loan Fees About to Go Up
SBA Loan Fee "Discount" About To Expire If you are going to apply for an SBA 504 loan then you might want to act quickly because the reduced SBA loan fees are not going to last long. SBA loan fees were reduced with a subsidy through … [Continue reading] about SBA Loan Fees About to Go Up
Incredibly Good Advice for Business Owners and Salespeople
Nothing related to small business loans in this post, but some fantastic advice from Sonia Simone...enjoy. 50 Things Your Customers Wish You New Here are the Top 11...click the link below to see all 50: I don’t need you to be perfect, but … [Continue reading] about Incredibly Good Advice for Business Owners and Salespeople
SBA 504 Interest Rate at All Time Low of 4.86%
Record Low SBA 504 Rates The interest rate for SBA 504 loans has dipped to it's lowest point ever of 4.86%*. The 504 loan is a 20 year fixed rate commercial second mortgage used for commercial property and equipment financing. The program … [Continue reading] about SBA 504 Interest Rate at All Time Low of 4.86%
Green 504 SBA Equipment Financing
Renewable Energy Equipment Financing The SBA Green 504 loan program can be used for commercial real estate or equipment financing with maximum total project costs in the $12 to $14 million range, although larger projects are … [Continue reading] about Green 504 SBA Equipment Financing
SBA 504 Loans – “True or False” Part 1
There are numerous misconceptions about SBA 504 loans. Here are 5 biggies in True or False format: 1. You can only get an SBA loan if you can't qualify for a "regular" loan FALSE: SBA has what is called a "credit elswhere test" which states … [Continue reading] about SBA 504 Loans – “True or False” Part 1