SBA 504 loans do not get the same attention as SBA 7(a) loans when looking for financing. This four-part series is intended to help you better understand the uses and benefits of a 504 loan. Read here for a comparison between 7(a) and 504 loans. Learn more in our complete 504 School.
Has your business outgrown your current facility? Is your business offering new services or growing into new markets? Community Business Finance can help your expanding business with an SBA 504 loan. Funds from a 504 loan can be used to purchase and renovate your existing building, purchase land and construct a new building, and acquire new machinery and equipment. Community Business Finance has helped many businesses get the funding to expand their facilities and create new jobs.
During this recent presidential election, you may have heard that small businesses are the backbone of America. Did you know that small businesses are responsible for 60% to 80% of all new jobs created in America? In fact, out of the 6 million US businesses with employees, over 98% are defined as a small business. Small businesses are so important that the federal government offers guaranteed loan programs designed to help grow small businesses.
Whether your business needs working capital, new office space, or manufacturing equipment, securing a loan is often the first step. Finding the right lender and the right loan for your business can be confusing and exhausting. Fortunately, Community Business Finance offers SBA loans that can help you get your business started or grow your operations.
