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Showing posts from April, 2021

Impact on Real Estate and Equipment by CDC/504 Loan Program in Maryland

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If you are a small business owner, you may have many ideas to expand your business. But how to get funds for it? You may be thinking of availing loans from a commercial bank, but they are not flexible and can cause cash flow issues for your business. So, what can you do? Well, you can apply for SBA 504 loans. Why? SBA 504 loans are backed by the US Government and as SBA stands for Small Business Administration, they are designed to help small business owners specifically. What Are SBA 504 Loans? SBA 504 Loan is a government-supported loan for small businesses. It helps new and growing businesses acquire finance to expand, make capital improvements, and much more. These loans are issued by a Certified Development Company (CDC) and are overseen, authorized, and regulated by the SBA. But, can an SBA 504 loan be used to buy real estate? The answer is - Yes! 504 Capital Corporation is an SBA lender in Maryland and we let you buy real estate with SBA 504 loans. But there’s a requirement t

The Importance of Small Business Financing in Virginia

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Virginia is the place to be for small business. According to the 2020 Small Business Profile by the U.S. Small Business Administration Office of Advocacy , Virginia has 766,826 small businesses, making up 99.5% of the total businesses in the commonwealth. That’s a lot of small businesses — and their success is no coincidence. There are many reasons why small business financing in Virginia is a smart choice for business owners and lenders alike. Business Insider recently reported that Virginia has the highest ratio of businesses start-ups to businesses collapses. For every business that closes, twice that amount opens. Benefits of Small Business Financing in Virginia Virginia boasts well-educated employment candidates and a fantastic business survival rate. If you are thinking of starting a small business or a lender looking to invest in small business financing in Virginia , the risk is low, and you will be satisfied knowing you are making a positive contribution to both the local and