While Community Business Finance celebrates our 10th anniversary this year, we want to share the top ten reasons to use the 504 Loan Program. 504 loans provide businesses with financing for major fixed assets, such as real estate and equipment, to promote economic growth.
The North Texas Association of Government Guaranteed Lenders (NTAGGL) is hosting the 21st Annual Mid-America Lender's Conference August 31-September 2, 2015 at the Sheraton Dallas Hotel, and Community Business Finance is looking forward to meeting lenders from all over the nation. Join us in booth P1 to discuss the benefits of offering SBA Loan Programs.
Last week we discussed the importance of the SBA Guaranteed Loan Programs in light of the recent 7(a) funding crisis. Without access to 7(a) loans, many small businesses would be simply unable to find suitable financing. There are some valuable lessons to be learned from this latest emergency.
Good news for SBA lenders and borrowers– the SBA 7(a) Loan Program is back in business. On July 23rd the program reached its loan guaranty limit of $18.75 billion. Lending was suspended until the new fiscal year begins on October 1st. Applications were put on a wait list for approval until funds were available again. Fortunately, Congress voted to raise the cap on 7(a) loans by $4.75 billion to $23.5 billion, which President Obama signed into law on July 28th.
Community Business Finance has helped over 200 small businesses acquire the financing they need through SBA loans. SBA loan programs can provide funds for working capital, buying commercial property, financing a start-up venture, and purchasing new machinery or equipment, including commercial vessels and mobile cranes.
Lowering operational expenses without impacting quality or productivity makes good financial sense for any business. Reducing your company's energy consumption is a surefire way to accomplish this. Thanks to a great program from the SBA, business owners looking to purchase commercial real estate have more incentives than ever for going green. Community Business Finance's 504 Loan Program is an effective way for businesses to get financing with below market interest rates and a 10% down payment.
Bill Ebersole debunks the prevailing myths that SBA loans take too long and have too much paperwork. The truth is that working with an SBA expert like Community Business Finance will make the process faster. We help you gather the necessary paperwork and work with your chosen lender to avoid duplication.
Community Business Finance is an expert in all SBA lending programs serving Texas and Louisiana. Contact Community Business Finance today to learn more about how our experience can streamline the SBA loan process for your financing needs.
As we celebrate our 10th anniversary at Community Business Finance, we have been reminiscing about the last decade in small business finance. Never before in recent history have interest rates been so low for so long. Back in 2008 when interest rates were first lowered, it seemed to be a short-term way to boost a sagging economy; now it feels like the norm. The harsh reality is that interest rates will rise again, and many business owners will be caught unprepared.
Paulo Coelho wrote, "Life has many ways of testing a person's will, either by having nothing happen at all or by having everything happen all at once." While every business owner dreams of a successful enterprise, rapid growth can feel like everything is happening all at once, and can actually create obstacles to getting the financing a business needs. Community Business Finance's 504 Loan Program works within your company's financial framework to successfully deal with these roadblocks.
The recent floods in Houston and throughout Texas devastated many communities and the businesses that support them. However, in the words of Will Rogers, "Texas is a great state. No matter what happens to it...it just keeps rolling along!"
As Texans begin to repair and rebuild from the damaging forces of Mother Nature, Community Business Finance is encouraging business owners to explore the benefits of the 504 Loan Program. 504 loans allow you to construct a new building or renovate an existing structure. You can also purchase machinery and equipment.