It Pays to Go Green with Energy Efficient Facilities

As temperatures rise, so does our energy consumption, which can make staying cool on the Gulf Coast a costly endeavor. Smart business owners find ways to reduce their company's energy consumption to lower operational expenses without impacting quality or productivity.

Save More Money with the 504 Loan Program

For businesses seeking property or equipment loans, finding the lowest interest rate can seem like the best move. However, bear in mind that the interest rate is only one aspect of your loan contract, and it doesn't mean you will pay the least amount of money over the life of the loan. Therefore, the loan with the lowest interest rate might not actually be the best loan for your business. In fact, Community Business Finance's 504 Loan Program has many advantages over a conventional loan.

504 Loans vs. Conventional Loans

Community Business Finance's 504 Loan Program has many advantages over a conventional loan. For businesses seeking property or equipment loans, finding the lowest interest rate seems like the best move. However, bear in mind that the interest rate is only one aspect of your loan contract. Therefore, the loan with the lowest interest rate might not actually be the best loan for your business. Let's examine the differences between conventional loans and 504 loans.

The Importance of the 504 Loan Program

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.

Save More Green with the 504 Green Loan Program

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.

Rebuilding With the 504 Loan Program

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.

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.

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