As the economy continues to improve, the prospects for businesses in search of financing are getting brighter. The Thomson Reuters/PayNet Small Business Lending Index registered 126.5 in April 2014, an 18% increase over April 2013. This means that businesses are confident in their long-term goals and are willing to take the financial risks associated with expansion. The good news is that banks are willing to take that risk as well.
As explained in our 504 School, Community Business Finance's 504 Loan Program is financed through a unique partnership that involves your business, Community Business Finance, and a bank or other private sector lender. Community Business Finance provides up to 40% or $5 million, whichever is less. The private sector lender provides the balance of the financing. The Community Business Finance portion of the loan is at a fixed rate for a term of 10 or 20 years. The bank portion of the loan is at market rates and terms, negotiated between your small business and the bank, and bank loan approvals are on the rise.
When banks assess risk, they review three years' worth of financial data. This means that businesses can now provide data from 2011-2013, protecting loan applicants from the economic downturn of 2009-2010. In fact, average credit scores for small businesses have risen significantly.
Now is the time to take advantage of the economic confidence in lending and in the marketplace. Community Business Finance's mission is to help companies expand with long-term, low down payment, fixed-rate financing. We are eager to make your business dreams a reality.
To Get Started fill out a short online form and a loan expert will contact you.
You can also contact our offices:
In Texas call Bill Ebersole at 713-457-1650, ext. 201, or email him at firstname.lastname@example.org.
In Louisiana, call Jeanne Bergeron at 1-800-462-1017 or email her at email@example.com.