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Category Archives: Small Business Legislation

New Small Business Refinance Program to Launch June 24

Opportunity to lighten debt burden for thousands of small business owners Small business owners feeling the pressure of commercial mortgage debt and facing the specter of rising interest rates can get relief starting June 24 when a new refinance program is launched by the Small Business Administration (SBA) and provided…

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CDC Small Business Finance acknowledged by former President Bill Clinton

Yesterday was a big day for us. We were all glued to our computer screens as our President and CEO, Kurt Chilcott, had the wonderful opportunity to be recognized on stage by former President Bill Clinton at the Clinton Global Initiative in Denver. This special acknowledgement at CGI was brought…

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It’s The Kurt Quarterly! Will We Get a Refi Reprise?

January 8, 2014 | Commercial Real Estate Loans

Refi or no Refi, that is the question. Within the next week we should have a pretty good idea whether  there’ll be a permanent SBA 504 Refinance program so keep your fingers crossed. A permanent 504 Refinance program would give small businesses a powerful tool to restructure debt and gain…

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Turn Prospects Into Deals With SBA Programs

December 3, 2013 | Commercial Real Estate Loans

Small Business Administration 504 loans give clients options  Kurt Chilcott, president and CEO, CDC Small Business Finance  As published in Scotsman Guide’s Commercial Edition, December 2013.  With the recovery in commercial real estate progressing gradually, securing financing for a purchase deal often remains uncertain. Commercial mortgage brokers who know early…

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Push to Bring Back SBA-504 Debt Refi Program

October 23, 2013 | Commercial Real Estate Loans

Generating Congressional support for legislation to reinstate the SBA-504 Debt Refinance program (CREED Act, H.R. 1240) was the focus of a briefing by CDC Small Business Finance customer Kirk Butler, owner of Cactus, Stone & Tile in Phoenix. Butler and NADCO President & CEO Beth Solomon explained the benefits of…

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SBA Re-Open For Business! What Does That Mean For You?

October 17, 2013 | Commercial Real Estate Loans

According to our senior management contacts at the SBA, here’s a quick update on what we can expect going forward regarding SBA-504 loan processing: SBA-504 loans submitted during the government furlough will be dealt with on a first-in-first-out basis. No priority will be given relative to pending project escrow deadlines.…

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SBA 504 loan: “a rarity that embodies smart government and works.”

September 30, 2013 | Commercial Real Estate Loans

NADCO’s president Beth Solomon makes some solid points in her article against a government shutdown and brings to mind the 17-day government desist in the ‘90s. Directly affected will be the SBA-504 loan, the flagship loan of CDC Small Business Finance. “This year, according to the SBA, there has been an 11 percent increase in 504…

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Small Business Lending On The Rise With The Help Of SBA Financing

“As the U.S. economy improved in the past year, banks opened the spigots again, and according to the SBA report, small business lending is beginning to approach the 2008 record ($711.5 billion in loans outstanding), missing the pre-recession peak by $124 billion,” said a credit expert in a new article…

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Help Bring Back SBA 504 Refi Program

April 19, 2013 | Commercial Real Estate Loans

“When is the SBA-504 Debt Refi coming back?” We’re asked this question a lot.  Now here’s your chance to help bring it back, with the goal of creating a new pool of eligible small businesses. Two weeks ago, bi-partisan legislation was introduced in Congress that will once again allow small…

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