Personal Guarantees and the 504 Loan Program

I am often asked why the SBA requires personal guarantors for 504 loans. There are several reasons for this. First understand that personal guarantees are required on all SBA loans. A personal guarantee is not a sign that your business is unhealthy or risky. Even businesses with a solid performance history and an excellent credit rating will be required to sign personal guarantees.

Tax Returns and the 504 Loan Program

Justice Oliver Wendell Holmes, Jr. reportedly said, "I like to pay taxes. With them I buy civilization." Civilization is not the only benefit of paying taxes. The most successful businesses in America are the ones that accurately report their income and faithfully pay their taxes. In fact, accuracy is crucial to the success of a business. It is also crucial when securing a business loan, such as Community Business Finance's 504 loan.

It is Time for Property Ownership

Rising Interest Rates and the 504 Loan Program

After years of historic lows, interest rates are finally on the rise. Chairman of the Federal Reserve Board Ben Bernanke has said that the Federal Reserve would begin to taper their bond-buying stimulus program this year. The central bank launched the program in 2008 to help lower long-term interest rates and stimulate economic activity.