504 Loan Blog

Is the Federal Bailout Package a Mistake? SBA Expert Speaks
  • Monday, December 1st, 2008 at 1:55 pm
  • 1 Comment

What are the best ways to use the bailout money? In terms of small to mid-sized business, the SBA offers viable solutions. Did you know that the federal bailout package is authorized by the United States Department of the Treasury and is called the Trouble Asset Relief Program or TARP for short? Here’s a suggestion Read More »

Who will be on your side this Thanksgiving?
  • Wednesday, November 26th, 2008 at 2:53 pm

I received an appalling phone call yesterday that you need to read about here. Since the Financial and Economic Crisis began in earnest several months ago, I’ve been getting more and more requests for appointments with small business lenders. Specifically, I’ve been getting resumes and job requests from SBA business development officers (BDO’s) and bank Read More »

Can the SBA 504 Loan make a difference in our Economic Crisis?

The U.S. government’s fiscal year ended at midnight, September 30th. That often maligned agency for small business owners and entrepreneurs, the U.S. Small Business Administration (SBA), just released fairly sad numbers for last year: their flagship 7(a) program was down 30.3% versus the previous year with only $12,671,136,000 in funded volume for 69,434 loans. The Read More »

The Sky Isn’t Falling, but the Ground is Swelling…
  • Friday, October 10th, 2008 at 11:30 am

Groundswells occur, according to the dictionary, when there is an obvious change of public opinion or political sentiment. They tend to occur in the absence of leadership, which is exactly what we have right now in America. If you believe, as I do, that Manifest Destiny didn’t just apply to our ancestors settling the West, Read More »

Not Every Lender is Frozen Right Now
  • Thursday, October 2nd, 2008 at 3:09 pm

I just received a phone call that is becoming all too common these past few weeks. A commercial real estate agent thought she’d take a chance to call us, just to see if we might still be lending. Apparently, she has a deal that needs closing for two physician clients of hers . . . Read More »