504 Loan Blog

Pro Tip: Get Pre-Approved
  • Friday, February 20th, 2015 at 11:35 am

So let’s say you’re a small business owner who’s interested in owning commercial real estate for your business. Maybe you’ve found the right property and all you need is a loan to buy it. Or maybe you’re just starting to think and look and plan. Maybe you want to start from scratch and you need Read More »

SBA 504 Update | February 2015
  • Friday, February 13th, 2015 at 1:11 pm

About SBA 504 Loans > Up to 90% loan-to-cost financing for owner-occupied commercial real estate > Office, industrial, medical, flex, daycare, retail, self-storage, and flagged hotel > Total project costs up to $15 million > Less impact on cash flow means greater flexibility for property owners SBA 504 loans have a three-part structure, which is ultimately beneficial for both Read More »

Construction 101: New Construction vs. Renovations
  • Wednesday, November 26th, 2014 at 12:52 pm

For some businesses, simply purchasing a commercial building and just moving in works alright. Others, however, may have specific requirements for the spaces they occupy. Maybe there’s custom equipment, or a certain layout that gives a competitive advantage. When business owners want to customize their commercial facilities, there are two basic options: building something new Read More »

SBA 504 Refi Redux

Since the beginning of the year, I’ve been saying that we’re going to see a decrease in small business loans this year, likely in the 20 to 30 percent range. The primary reason for my gloomy outlook is that both the SBA 504 Refinance and FMLP programs expired last September. In my video blog on Read More »

Good News/Bad News for Small Business Lending in 2013…

The last two years have seen record-shattering levels of government-guaranteed lending, which includes the SBA 504 loan program (aka the SmartChoice® Commercial Loan). In terms of loan volume, 2011 and 2012 were the biggest and second biggest years (respectively) in the history of the SBA. Since the SBA has done the lion’s share of small Read More »