In the world of business financing, SBA 504 loans do not get the same attention as SBA 7(a) loans. This four-part series is intended to help you better understand the uses and benefits of a 504 loan.
A small business can use proceeds from Community Business Finance's 504 Loan Program for direct expenditures to acquire, construct or convert a facility for company expansion, such as:
In the world of business financing, SBA 504 loans do not get the same attention as SBA 7(a) loans. This four-part series is intended to help you better understand the uses and benefits of a 504 loan.
The following are the many benefits of Community Business Finance's 504 Loan Program.
In the world of business financing, SBA 504 loans do not get the same attention as SBA 7(a) loans. This four-part series is intended to help you better understand the uses and benefits of a 504 loan.
Congress established the 504 Loan Program in 1987 to promote economic development in a Certified Development Corporation's trade area. The program goals are met primarily through projects that create job growth in local communities.
Financing a new business can be daunting. Start-up companies don't have the financial history that lenders require during the loan process. Banks are conservative lenders and may not be willing to take a risk on a new company. The risk for the lender is lessened with a guarantor, and Community Business Finance will help your start-up with SBA Guaranteed Loan Programs.
