by Val Alderete | Jun 2, 2023 | Uncategorized
Small businesses often face challenges when it comes to securing funding for their expansion or development projects. However, recent changes in the Small Business Administration’s (SBA) requirements for certain 504 loans have made the process more accessible...
by Eddie | Aug 1, 2021 | Uncategorized
With vaccination rates increasing and economies reopening, most small business owners are more optimistic. Interest rates continue to be very low, creating a perfect opportunity for small businesses to purchase commercial real estate. However, many small business...
by Eddie | Jul 1, 2021 | Uncategorized
The SBA 504 program is a great product for construction projects. Occasionally the borrower has expertise in construction or even doubles as a contractor and wants to lead the construction of their project. This is referred to as Do-It-Yourself or DIY. DIY’s are...
by Eddie | Jun 1, 2021 | Uncategorized
The SBA 504 program can be utilized to refinance debt secured by commercial real estate as a part of the debt refinance without expansion program. This is a great opportunity for small business owners that have CRE-secured debt during this time of unprecedentedly low...
by Eddie | May 1, 2021 | Uncategorized
Ordinarily, if a borrower with an SBA 504 loan (which is in a second lien position to a bank loan) needs to improve or renovate the 504 loan’s collateral, the bank adds debt to their first lien note, and the SBA subordinates the 504 loan to the additional debt....
