Community Business Finance is pleased to share a recent accolade for Jeanne Bergeron, our Business Development Director – Louisiana. Jeanne was the May recipient of the President's Certificate of Merit from ABWA Crescent City Connections Express Network. Jeanne was honored for her contributions as a charter member of the chapter, offering her time and services to help the organization grow.
You may not realize how much money your business is losing every year simply by leasing your office space. It is not just the annual rent increases or the rising utility costs of aging building systems. By not owning your business property, you are forfeiting substantial financial benefits that could significantly impact your business.
At Community Business Finance, we offer both popular SBA loan guarantee programs: 504 and 7(a). While there is some overlap, these programs were designed for different business needs, with different goals in mind. The 504 loan is intended for economic development; therefore, its use is restricted to real-estate and fixed asset purchases, as these could promote job creation. The 7(a) loan can be used for working capital for almost any business expense. The 7(a) loan can also be used for real-estate loans, but the 504 loan is clearly better suited for this need.
Bill Ebersole explains how Community Business Finance can help borrowers when they are considering a business loan in Texas or Louisiana. Lenders do not always present all the available loan options to borrowers. This is where Community Business Finance can help. We will explain all of the loan options, help you find a suitable lender, or assist your chosen lender in structuring SBA loans properly.