Well, we all knew it would happen sooner or later. Interest rates appear to be on the rise. They’ve been low for so long it’s hard to imagine what it was like to pay higher rates but it seems that day is coming. Remember, it is actually a good sign because it means the economy is getting better. Better economy means increasing sales and growth, right? So this may be the time to take advantage of long-term fixed interest rates offered by the SBA-504 program and move forward on that building expansion or purchase. Commercial values are probably about as low as they will get so if you’ve been on the fence it may be time to hop off. Let us help!
On another front, literally, CDC Small Business Finance is proud to have led the efforts to launch VetLoan Advantage, a program aimed at providing reduced fees for SBA loans for those folks who have served our country in the armed services. We need to be sure our vets are not left behind as the economy improves and VetLoan Advantage is one way to ensure that. Plus it is another way CDC can Make a Difference by helping small businesses create jobs and invest in their communities.