News
RE: Utilize expansion refinance for purchase of a second location
The SBA 504 Expansion Refinance Program is a great way to utilize existing property equity for expansion. By refinancing the current owner-occupied loan, you can utilize equity in the existing property towards the purchase of a new location. We love assisting owners...
Don’t take our word for it….hear it from a happy borrower
"We are thrilled to have secured a SBA 504 loan, a game-changer for our business. This program not only provides us with the essential capital for growth but also offers long-term stability and favorable terms. With low down payments and fixed-rate financing,...
SBA SMALL DEFINITION JUST GOT BIGGER
The SBA recently updated its standards of classification for small loans, demonstrating once again that most all companies are classified as “small”. Tangible Net Worth can’t exceed $20million (up $5million from $15million) and Average Net Income after...