What's an "SBA Wingman"? And how do you know if you need one? Part 1 Most people understand the definition of a "wingman" related to social situations and a buddy "taking one for the team." Well, we are not talking about that kind of … [Continue reading] about SBA Wingman Services
(New) "A-" SBA Refinance Program For Businesses Who've Returned To Profitability It is probably not an exaggeration to say that most businesses had a rough couple of years in 2008 and 2009. In fact, many are still reeling. It is also not an … [Continue reading] about (New) SBA Refinance Program
SBA Breaking News - March 29th, 2011 The SBA has just announced they are going to be expanding the pool of potential businesses eligible to refinance under the temporary SBA 504 refinance provision. It was announced a few weeks ago that only … [Continue reading] about SBA 504 Refinance Is Now Available
Commercial Mortgage Refinance Now Available Through SBA Business owners who occupy 51% or more of their commercial property are now eligible to refinance their commercial loans that are coming due with 90% financing through the SBA. This is a … [Continue reading] about Commercial Loan Refinance Up To 90% LTV
SBA Loan Fundings Top $10 Billion Since Oct 1st SBA Loans (primarily 7a and 504 loans) funded after the signing of the "Small Business Jobs Act" recently surpassed the $10 billion mark. That's Billion with a "B." According to the SBA, 19,103 … [Continue reading] about $10 Billion of Loans Funded after “Jobs Act”
SBA Loan Queue Update: As of January 4th, the SBA is no longer accepting Jobs Act loans in the loan queue and they have updated their status to show likelihood of funding as "Low." The SBA has re-activated the SBA Loan Queue and they are … [Continue reading] about SBA Loan Queue Re-activated
Update 2 (12/22/2010): Bah! Humbug! SBA has just released a bulletin stating that due to the sheer volume of SBA lending in the last week the fee waiver funds are not expected to last through 12/31! Stay tuned for another update... Update … [Continue reading] about SBA Fee Waiver Extension Possible?
SBA Loan Fee Waiver Set To Expire If you are considering applying for an SBA 7a or 504 loan you need to apply NOW if you want to avoid paying the SBA loan fees because the fee waiver period expires Dec 31st. Loans that are approved by a lender … [Continue reading] about SBA Loan Fees: Apply Now or Pay More
Small Biz Tax Deductions In The Jobs and Lending Bill This blog is more about SBA lending, but the recently passed "small business lending bill" also included some noteworthy tax deductions designed to help small businesses save money including … [Continue reading] about New Tax Deductions for Small Business