• 5 Frequently Asked Questions About the 504 Loan Program

    When searching for business financing, you are bound to have questions. We have collected some of the more frequently asked questions from companies that we proudly financed with Community Business Finance's 504 Loan Program.

    1. Does my business qualify for a 504 loan?

    Your business will usually qualify as a small business concern for Community Business Finance's 504 Loan Program 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.

  • The 504 Loan Program Step by Step Step 4: Final Funding

    Community Business Finance's mission is to encourage economic development throughout Texas and Louisiana. As part of this mission, we are dedicated to borrower education on our 504 Loan Program.

    Your 504 loan will go through four stages during the loan process. Community Business Finance will navigate the entire process, from application through final funding, to make it as easy as possible for you. Today we will explain Step 4: Final Funding as part of a four-part series.

  • The 504 Loan Program Step by Step Step 3: Closing

    Community Business Finance's mission is to encourage economic development throughout Texas and Louisiana. As part of this mission, we are dedicated to borrower education on our 504 Loan Program.

    Your 504 loan will go through four stages during the loan process. Community Business Finance will navigate the entire process, from application through final funding, to make it as easy as possible for you. Today we will explain Step 3: Closing as part of a four-part series.

  • The 504 Loan Program Step 2: Initial Funding

    Community Business Finance's mission is to encourage economic development throughout Texas and Louisiana. As part of this mission, we are dedicated to borrower education on our 504 Loan Program. Your 504 loan will go through four stages during the loan process. Community Business Finance will navigate the entire process, from application through final funding, to make it as easy as possible for you. Today we will explain Step 2: Initial Funding as part of a four-part series.

  • The 504 Loan Program Step 1: Application and Approval

    Community Business Finance is proud to be an expert in the 504 Loan Program. Our knowledge and years of experience provide the foundation for a faster, easier financing process. In the interest of community education, we will explain the 504 loan process step by step.

    Your 504 loan will go through four stages during the loan process. Community Business Finance will navigate the entire process, from application through final funding, to make it as easy as possible for you.

  • SBDCs Are a Powerful Ally for 504 Loans

    It is no secret that knowledge is power. Search engines return hundreds of quotes about this fundamental truth. Obviously the more information you have, the better prepared you are for whatever you encounter in life, especially in business. Business owners seeking 504 loan financing for expansion or starting a business have a powerful ally in Small Business Development Centers (SBDCs). A well-prepared applicant greatly improves their chances of success.

  • Bridge Financing and the 504 Loan Program

    Community Business Finance is committed to helping businesses achieve their dreams with our 504 Loan Program. We provide businesses with financing for major fixed assets such as office buildings, retail buildings, warehouse facilities, heavy equipment, and commercial vessels. Projects are typically financed with two loans: a first lien loan through a commercial lender for 50% of the project cost and a second lien loan for 30% - 40% of the project cost, financed by Community Business Finance. The borrower provides a 10% - 20% down payment.

  • Why Conditions Matter to the 504 Loan Program

    The first 4 Cs of Credit – character, capacity, capital, and collateral – all deal with a company's financial history or current state of affairs. One would think a clean past and current financial strength would make lenders eager to produce a 504 loan, or any business loan. However, lenders are also concerned with the future, and how the future economic outlook may affect your business.

  • Why Collateral Matters to the 504 Loan Program

    Today's topic is collateral, one of the 5 Cs of Credit that lenders use to determine their level of risk when offering a 504 loan, or any business loan. You may be thinking, "I've checked my credit reports and made sure my character hasn't been damaged. My business has good cash flow (capacity), and I've got plenty of skin in the game (capital). What more could a lender want?" Lenders do want more; they want collateral.

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