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May 2016

31 May

Community Business Finance’s 504 Loan Guide Part 1

Are you interested in the 504 Loan Program but unsure about what is involved? Community Business Finance's four-step loan process makes getting a 504 loan easier to understand. Our loan experts will navigate the entire process, from application through final funding, to make it as painless as possible for the borrower.
In part 1, we explain the application and approval process and initial funding. For even more information, visit our 504 School.

By Jeanne Bergeron 504 Loan Program 0 Comments Read more...
23 May

Qualifying Down Payment Sources for 504 Loans

The great news for business owners is that Community Business Finance's 504 Loan Program usually requires only a 10% down payment. In other words, the borrower's contribution is 10% of the total project cost. This percentage certainly makes financing more accessible for companies that need funds for real estate or equipment.

We are frequently asked about qualifying sources for the down payment, and have provided some answers below. More information can be found in our FAQ.

By Bill Ebersole 504 Loan Program, SBA Loan, down payment, capital 0 Comments Read more...
16 May

Stop Selling Yourself Short to Lenders

Winston Churchill said notably, "Attitude is a little thing that makes a big difference." Too often, business owners approach lenders with an indifferent attitude about their company. When applying for any business loan, you should present your best qualities to lenders. In other words, you should sell lenders on the idea that your business is a great candidate for a loan. After all, no one knows your business better than you do!

By Bill Ebersole character, lenders, business loan 0 Comments Read more...
04 May

Exposing the Myth: 3 Truths Revealed About SBA Loans

Community Business Finance prides itself on borrower and lender education. In the past, we have exposed many myths surrounding SBA loans in general and the 504 Loan Program specifically. For quick reference we have gathered three common myths together to uncover the truth about a lending program that Community Business Finance feels strongly supports small businesses and allows them to achieve their dreams.
"All truths are easy to understand once they are discovered; the point is to discover them." - Galileo Galilei.

By Bill Ebersole business financing, 504 Loan Program, SBA Myth, SBA Loan 0 Comments Read more...