In his play Romeo and Juliet, Shakespeare asks the question, "What's in a name?" When you need business financing, such as a 504 Loan, it turns out your name is worth a great deal. Lenders decide if you are a good risk by assessing your credit. Although every lending situation is different, most lenders use the Five Cs of Credit to determine the level of risk.
Over 200 small businesses have used Community Business Finance's 504 Loan Program to finance a building expansion, buy commercial property, or purchase new machinery or equipment. We make the process easy to understand and can help you gather the right information.
Applying for a 504 loan requires forms and documentation just like any commercial loan. You should be prepared to describe your business, how you will use the loan proceeds, and establish an ability to repay the loan.
Which should come first in the search for the perfect loan to finance your business dream: the loan or the lender? At Community Business Finance we strongly believe that the 504 Loan Program is the better business loan for property acquisition or equipment financing. In fact, we have 5 reasons why a 504 loan should be your first choice.
We here at Community Business Finance love helping our clients achieve their business dreams. We celebrate each loan as the first step in another success story. It turns out we aren't the only ones singing the praises of the 504 Loan Program. There is an excellent article from CBS MoneyWatch that shines a light on how powerful a 504 loan can be.