• Personal Guarantees and the 504 Loan Program

    I am often asked why the SBA requires personal guarantors for 504 loans. There are several reasons for this. First understand that personal guarantees are required on all SBA loans. A personal guarantee is not a sign that your business is unhealthy or risky. Even businesses with a solid performance history and an excellent credit rating will be required to sign personal guarantees.

    Improve Your 504 Loan Outcome with Community Business Finance

    Whether your business needs a new office space or manufacturing equipment, securing a loan is often the first step. Finding the right lender and the right loan for your business can be confusing and exhausting. Fortunately, Community Business Finance offers the 504 Loan Program which will help you expand your operations.

    Personal Guarantees and the 504 Loan Program

    I am often asked why the SBA requires personal guarantors for 504 loans. There are several reasons for this. First understand that personal guarantees are required on all SBA loans. A personal guarantee is not a sign that your business is unhealthy or risky. Even businesses with a solid performance history and an excellent credit rating will be required to sign personal guarantees.

    Expanding Your Business: An SBA Loan in Action

    Has your business outgrown your current facility? Is your business offering new services or growing into new markets? Community Business Finance can help your expanding business with an SBA 504 loan. Funds from a 504 loan can be used to purchase and renovate your existing building, purchase land and construct a new building, and acquire new machinery and equipment. Community Business Finance has helped many businesses get the funding to expand their facilities and create new jobs.

    Advantages of Owning Versus Leasing Commercial Property

    Before renewing the lease on your office space, have you considered the advantages of owning your business property? It can have a significant impact on your business. There are many benefits to owning office space. Owning offers control, consistency, and financial advantages that leasing cannot provide.