3 Mistakes to Avoid When Applying for a 504 Loan

For over 10 years, Community Business Finance's mission is to help businesses realize their dreams. Since 2005, we have approved more than 200 loans for a total of over $150,000,000, giving our loan experts the experience and knowledge to assist you with the 504 Loan Program and increase your chances of a successful loan process.

We have identified three mistakes that borrowers make during the application process and offer a few tips to help you avoid them.

3 Mistakes That Could Keep You From Getting a 504 Loan

Community Business Finance's mission is to help businesses realize their dreams. Since 2005, we have approved more than 200 loans for a total of over $150,000,000. We have the experience and knowledge to assist you with the 504 Loan Program and increase your chances of a successful loan process.

Our experts have identified 3 mistakes that borrowers make during the application process and offer a few tips to help you avoid them.

Why Your Character Matters to the 504 Loan Program

In his play Romeo and Juliet, Shakespeare asks the question, "What's in a name?" When you need business financing, such as a 504 Loan, it turns out your name is worth a great deal. Lenders decide if you are a good risk by assessing your credit. Although every lending situation is different, most lenders use the Five Cs of Credit to determine the level of risk.