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.

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?

Celebrating 10 Years with 10 Success Stories: Part 2

As Community Business Finance looks forward to another year of providing business loans for business dreams, we are kicking off 2016 by reviewing ten success stories made possible by our 504 Loan Program. The 504 Loan Program is historically underutilized, and we are passionate about providing access to this type of loan, as well as educating borrowers on the benefits that 504 loans can provide.

We conclude our two-part series with five different borrowers that each used a 504 loan to meet their unique business needs.

Ten 504 Loan Success Stories: Part 1

Community Business Finance looks forward to another year of providing business loans for business dreams. We want to kick off 2016 by reviewing ten success stories made possible by our 504 Loan Program. The 504 Loan Program is historically underutilized, and we are passionate about providing access to this type of loan, as well as educating borrowers on the benefits that 504 loans can provide.

In this two-part series we begin with five different businesses that each used a 504 loan to meet their unique financial needs.

Community Business Finance Offers More Loan Options

At Community Business Finance, we offer both popular SBA loan guarantee programs: 504 and 7(a). While there is some overlap, these programs were designed for different business needs, with different goals in mind. The 504 loan is intended for economic development; therefore, its use is restricted to real-estate and fixed asset purchases, as these could promote job creation. The 7(a) loan can be used for working capital for almost any business expense. The 7(a) loan can also be used for real-estate loans, but the 504 loan is clearly better suited for this need.

Celebrating 10 Years with 10 Success Stories: Part 2

Community Business Finance is celebrating our 10th anniversary in 2015. We are excited to share ten success stories made possible by our 504 Loan Program. The 504 Loan Program is historically underutilized, and we are passionate about providing access to this type of loan, as well as educating borrowers on the benefits that 504 loans can provide.

We conclude our two-part series with five different borrowers that each used a 504 loan to meet their unique business needs.

Celebrating 10 Years with 10 Success Stories: Part 1

Community Business Finance is celebrating our 10th anniversary in 2015. We are excited to share ten success stories made possible by our 504 Loan Program. The 504 Loan Program is historically underutilized, and we are passionate about providing access to this type of loan, as well as educating borrowers on the benefits that 504 loans can provide.

In this two-part series we begin with five different businesses that each used a 504 loan to meet their unique financial needs.

504 Loan Program at the Women’s Small Business Roundtable Discussion in New Orleans

On Friday, March 13th, 2015, Jeanne Bergeron and I had the pleasure of attending the Women's Small Business Roundtable Discussion in New Orleans, Louisiana. Senator David Vitter, Chairman of the Senate Small Business and Entrepreneurship Committee, and the National Women's Business Council invited women-owned small businesses to share their concerns regarding growth and opportunities in Louisiana. The roundtable discussion focused on identifying opportunities to help Louisiana women successfully launch, grow, and run their own small businesses.

Protect Your Personal Savings by Using the 504 Loan Program

Businesses that need expansion financing have felt forced to look at riskier options when they are denied a conventional loan. Sometimes business owners don't even approach their bank for a loan, having been turned down in the past. Owners may not be aware that the 504 Loan Program is even an option for their business, or feel they would not qualify.

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