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 Loan Refinance Up To 90% LTV
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
What Rocky Can Teach Us About Winning
"It's About How Hard You Can Get Hit and Keep Moving Forward" Rocky Balboa Total departure today from the world of SBA lending...sometimes you can find pearls of wisdom in the most unlikely of places. If you missed the movie Rocky Balboa a few … [Continue reading] about What Rocky Can Teach Us About Winning
$10 Billion of Loans Funded after “Jobs Act”
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 Re-activated
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
SBA Fee Waiver Extension Possible?
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 Fees: Apply Now or Pay More
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
New Tax Deductions for Small Business
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
Small, Small Business Loans
SBA Loans for (Small) Small Businesses I've blogged a lot lately about the new larger SBA loans - especially the new $5 million limit for the 7a loan program. The 7a is such a useful program since it can be used for commercial real estate, … [Continue reading] about Small, Small Business Loans