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 owners express concern that they will be denied an SBA loan because their 2020 financials look poor. SBA understands the financial burden the pandemic represented for small businesses and is taking that into consideration when evaluating new loan applications. If financials prior to the pandemic and in 2021 are strong, this might be enough to qualify a business. If not, good projections can provide the SBA the assurances they need to approve a 504 loan.

If you have a borrower that can benefit from today’s historically low interest rates, give us a call!