504 Capital Corporation

There is no doubt that Small Business Administration (SBA) and conventional bank loans are popular options for business owners who need short-term funding or need help paying for expensive equipment. An SBA 504 loan rates and a conventional loan feature lower interest rates, but they are fundamentally different.  The SBA loan provides a partial government guarantee, whereas a conventional loan does not. Therefore, SBA loans typically have a higher amount, a low-interest rate, and a longer repayment. A small business must understand that conventional and SBA loans are excellent lending options. As with both SBA and conventional business bank loans, these options are offered at a low cost and with flexible repayment terms. Here's a comparison of SBA 504 loan vs. conventional loan What is an SBA loan? Small business loans are government-guaranteed loans, and the Small Business Administration guarantees up to 85% of loans issued by approved lenders. As a result, the lender is at a mu...

A re you considering buying new equipment or revamping your current business infrastructure but lacking funds? Well, then SBA 504 loan shall be your first choice. Due to the low-interest rates and down payment for SBA loans , it has gained much popularity in the business community. Small Business Administration (SBA) funds small businesses by offering multiple loans. However, 504 is the best in SBA loans with minimal eligibility criteria, good loan amount, and longest down payment tenures. Despite having so many perks, there are still some cons to it. Here is everything you need to know about an SBA 504 Loan. What is the SBA 504 Loan? SBA 504 is a loan program designed to assist small businesses with long-term finances to grow their organizations. It provides loans for real estate allocation, equipment and machinery purchase, and upgrading existing real estate and other assets for business needs. It's a three-party loan involving a lender, payer, and Certified Development Comp...