All of us at Community Business Finance wish to thank our clients and our lending partners for their business in 2016. Since 2005, Community Business Finance has proudly helped hundreds of businesses borrow more than $200 million to expand their operations and create new jobs in Texas and Louisiana. While we are honored to have helped so many businesses realize their dreams, ultimately our goal is for any business that wants a 504 Loan to have access to a 504 Loan, or any loan that best suits their business needs.
As interest rates continue to rise, Community Business Finance wants to be sure that no one misses an opportunity to expand their business simply because they do not understand the 504 Loan Program from the SBA. Here are three things that business owners commonly misunderstand about 504 Loans: