Purchase Order Financing - The Secret Weapon of Small Business Purchase order financing is "transactional financing" where a purchase order lender finances the production of hard goods for an otherwise undercapitalized business. The current … [Continue reading] about Purchase Order Financing
SBA 504 Secondary Market Coming Back
SBA 504 Secondary Market for First Mortgage Loans Returns The Small Business Administration announced today the first 9 "Loan Pool Originators" authorized by the SBA to sell pools of SBA 504 first mortgage loans. The new secondary market is … [Continue reading] about SBA 504 Secondary Market Coming Back
SBA 504 Rates Drop Below to 5.21% for July
SBA 504 Rates Heading Lower (Again) 504 loan rates have headed back down after drifting upwards earlier in the year. The current rate for the 504 20 year fixed rate second mortgage for real estate is 5.21%. (10 year fixed rates which are … [Continue reading] about SBA 504 Rates Drop Below to 5.21% for July
SBA Loan Fees Waived
SBA 7a & 504 fees Waived Through May SBA 7a and SBA 504 loan guarantee fees have been waived again as another extension of the Recovery Act was signed by President Obama Friday morning. The current extension will last until the end of May … [Continue reading] about SBA Loan Fees Waived
SBA Loan Alternatives…Asset Based Loans
Asset Based Loans - A Good Alternative to SBA Loans SBA 7a and 504 loans are 2 of the best loan options available to those in need of commercial financing at the moment, but the reality is that many small and mid sized businesses that have good … [Continue reading] about SBA Loan Alternatives…Asset Based Loans
SBA Loan – Need One? Call Your Congressperson…
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