Category Archives: SBA 504 Loans
Refinancing a Non-SBA Commercial Real Estate Loan? Turn to the SBA 504 Refi’s Low Rate for Savings
The SBA 504 Refinance Program offers small business owners, who own the building their business occupies, the opportunity for refinancing their existing non-SBA guaranteed commercial loan to a more affordable and beneficial SBA 504 loan. The SBA 504 Refi and the SBA 504 are part of the U.S. Small Business Administration slate of loan programs that…
Momentum for 25-year SBA 504 Loan Continues
The information in this post about the 25-year SBA 504 loan is current as of March 6, 2020. It’s been nearly two years since the U.S. Small Business Administration began accepting the 25-year term SBA 504 loan. There’s every indication that small business owners are embracing this new financing option with open arms and pocketbooks.…
Made for Small Businesses – SBA 504 Loans Are a Path to Buy or Build the Perfect Property
This reprinted column by Kurt Chilcott, CEO and President of CDC Small Business Finance, and Christopher Bane, Vice President, Senior Commercial Lender – SBA 504, Arizona, was published January 2020 in the Scotsman Guide. Many small businesses are at a crossroads. They want to take advantage of low interest rates and a strong U.S. economy to…
‘Great opportunity’ – SBA loan makes HQ asset, not expense
Are you familiar with our #BizTipSixty Video Series, featuring lessons from entrepreneurs in 60 seconds? Read below for the key takeaways from Waterstone Faucets about buying a real estate asset. Follow #BizTipSixty on our YouTube Channel. One of the keys to the American dream is home ownership. It’s much the same for small business owners.…
Buying A Building as Business and Retirement Strategy Too Often Overlooked by Small Business Owners
Nearly 60 percent of small businesses in the U.S. are owned by baby boomers and, if their total sales (over $5 trillion) are any indication, they appear to be performing quite well. As baby boomers are getting older, many entrepreneurs in this generation are looking down the road at retirement and how best to benefit…
Annual D.C. trip recap: How we can best support SBA 504, Community Advantage programs
CDC Small Business Finance leadership met with congressional members in May to continue sharing the widespread impact of two U.S. Small Business Administration loan programs in underserved business communities: SBA 504 and SBA Community Advantage. The annual advocacy trip to Washington D.C. again lined up with the Spring Summit put on by advocacy group National…
5 Key Differences Between SBA 504 vs Conventional Real Estate Loans
Buying a building to house your business is a big financial decision. That’s why it’s crucial to explore your financing options to find the one that best suits your long-term needs. If you haven’t already, you’ll probably hear about two main types of loans that can be used to buy commercial real estate. One is…
Can the almighty SBA 504 loan do more?
For decades, the SBA 504 loan program has brought unquestionable value to small business owners and local economies nationwide. The U.S. Small Business Administration’s flagship program has empowered tens of thousands of entrepreneurs to buy commercial real estate and the major equipment churning out their products. Through community lenders like CDC Small Business Finance, billions…
Our impact in Arizona as the leading, most trusted small business lender
The head of a homegrown soul-food empire buys another restaurant building to increase his employee base to 200. An award-winning caterer refinances out of a high-interest online debt to improve her business’ cash flow and retain 20 workers. And an in-demand BBQ & grill supplier doubles his headquarters’ space to allow for much-needed hiring. These…
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