SBA Loan Programs for Commercial Real Estate
The Small Business Administration (SBA) offers business owners several commercial Real Estate loan options for buying, renovating, and expanding owner-occupied property. The SBA’s two most popular loan programs, SBA 7(a) and SBA 504, each offer unique benefits for buying a property depending on the type of facility, business, and financing structure needed. To help you […]
An SBA Loan is a Smart Choice for Your Business Partner Buyout
Until recently, obtaining financing for a business partner buyout has been very difficult. However, in April 2018 the Small Business Administration adjusted its business partner buyout financing rule, and now offers a loan program with partner buyouts in mind, which is benefitting all parties involved in the transaction. The new rule allows a partner to […]
5 Types of Business Loans That You Need to Know About
Are you a business owner looking for financial help to grow your business? If yes, then you are in the right place. Business loans are a great way to get the money you need to expand your business. However, there are many types of business loans available, so it is important to understand the differences […]
Everything you need to know about SBA Loan Fees
There’s a common misconception that the SBA lends directly to a small business owner. In fact, the loan is provided by a bank and the SBA provides the lender with a guarantee, meaning the SBA reimburses the lender for a portion of the loan in case of a default. It is that guarantee that allows […]
What You Need to Know about Collateral for a Business Loan
If you are considering applying for an SBA loan for your business, it is important to understand what collateral may be required. Collateral is defined as something of tangible value being pledged as security for a loan. It is used for business loan applications and can be forfeited in the case of default on your […]
Commercial Real Estate Investing: Why It Is Worth Considering
Commercial real estate investing can be quite a lucrative endeavor for those who understand the industry, but it can also be intimidating for those who are unfamiliar with the process. For those looking to break into the world of commercial real estate investing, it is important to understand the different types of investments, the associated […]
What is a Commercial Bridge loan? Is it right for your business?
Bridge financing can be an excellent option for a business looking for a quick access to working capital, and Real Estate or equipment financing. These funds can also be used as a transitional bridge, so to speak, to a permanent SBA or conventional financing. If you are considering this type of loan for your business, […]
Is an SBA 7a Loan right for your business?
The SBA 7a loan program is designed to help small businesses access financing for working capital, debt consolidation, buying a business, and purchasing real estate or equipment. The SBA 7a loan program is the most popular and flexible loan program offered by the SBA. It offers loan amounts ranging from $350,000 to $5 million, with […]
What is SBA 504 Loan Program?
The Small Business Administration (SBA) 504 loan program is a financial assistance program offered by the SBA to help small businesses obtain long-term, fixed-rate financing for the acquisition and improvement of land, owner-occupied properties, and equipment. The SBA 504 loan program provides long-term, fixed-rate financing for small and middle market businesses, offering maturity of up […]