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.

10 Advantages of One 504 Loan

We have exciting news to share at Community Business Finance. Roger DeGregori, owner of Fish Gallery, has opened his fourth store in The Woodlands, Texas. Roger used the 504 Loan Program to continue to expand his childhood hobby into the booming business it is today. We have detailed Fish Gallery's beginning in our Success Stories, where Roger describes how his first 504 loan was a lifesaver for his company.

Middle Market Businesses and the 504 Loan Program

Many Americans imagine a small business to be a mom and pop store with a handful of employees. It might surprise you to know that over 98% of the 6 million US businesses with employees are defined as a small business. While the government has strict sizing rules that define a small business, a company generally qualifies as a small business concern if it has less than $15,000,000 in net worth and made less than $5,000,000 in net profit per year, averaged over the last two years.

Understanding Credit Reports vs. Credit Scores

When seeking a business loan, your company's credit health is one of many factors a lender will review. However, you may not know that, as a borrower, your personal credit score matters as well. Every individual that is a personal guarantor on a 504 loan must submit his or her personal financials to assess the perceived level of risk for the lender. This assessment includes personal credit scores.

Personal Income Taxes and the 504 Loan Program

"Death, taxes and childbirth! There's never any convenient time for any of them," exclaimed Scarlett O'Hara in Margaret Mitchell's classic novel Gone with the Wind. While there may not be a convenient time to file your taxes, there is a deadline nonetheless. This year taxpayers have a few extra days to get their information together. As a result of Emancipation Day being observed on April 15th, the deadline to file 2015 personal income taxes is April 18th.

5 Fast Answers About the 504 Loan Program

Community Business Finance is dedicated to borrower and lender education about the 504 Loan Program. Over the last 10 years, we've collected some of the more frequently asked questions from companies that we have proudly financed. These are five of the most common. For a more comprehensive list of questions and answers, visit our FAQ.

Protect Your Financial Future With the 504 Loan Program

We've all heard the adage, "It's not what you know, but who you know." While there is much truth in this statement, when it comes to business financing what you know can help protect your financial future. When a business needs a loan, it is natural for the owner to first approach the bank that services their everyday financial needs. It is, in fact, who they know. But what happens if they are denied a loan at their bank?

504 Loan Estimates From Your Smart Phone

Community Business Finance strives to make our 504 Loan Program faster and easier. Did you know that we have a mobile website that allows our lending partners and clients to get quick estimates for our 504 Loan Program? Our mobile site allows users to get an estimate on a 504 loan via any smart phone from anywhere at any time. This estimate can then be immediately emailed to anyone in .pdf format.

The 504 Loan Program Levels the Playing Field for Hoteliers

US Hotel rooms under construction are up over 20% from a year ago, according to the STR Pipeline Report, and consumer demand is still increasing. In fact, economy hotels in the planning or construction phase are up a whopping 63%! How can hotels, especially smaller hotels, afford to keep pace with such soaring demand? Since hotel properties are not easily converted to other uses, they are considered special purpose properties by commercial lenders. This designation makes financing harder to acquire.

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