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Showing posts from June, 2023

How Does the CDC Business Loans Program Help Businesses from Inflation?

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  Inflation can pose significant business challenges, eroding their purchasing power and impacting their overall financial stability. However, the CDC small business loans program offers a viable solution for small businesses to combat inflationary pressures. The Certified Development Company (CDC) loan program, administered by the U.S. Small Business Administration (SBA) , provides long-term financing options to help businesses withstand inflationary impacts and thrive.  Let's explore how the CDC business loans program can support businesses in navigating inflationary challenges. Understanding the CDC Business Loans Program The CDC business loans program primarily offers the CDC/504 loan, which provides businesses with fixed-rate, long-term financing for major assets such as real estate, machinery, and equipment. This program collaborates with private-sector lenders and CDCs to provide loans structured to shield businesses from the adverse effects of inflation. How CDC Business L

Top 5 Lenders for SBA 504 Loans in North Carolina

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A small business owner seeking an SBA loan must go to a lender or bank approved by the SBA. The agency does not directly provide SBA loans. With banks, credit unions, and other lenders, SBA 504 North Carolina provides significant guarantees to help lenders during bankruptcy. Aiming to encourage lenders to offer low-cost financing to small business owners who don't normally qualify for low-cost financing, the program aims to incentivize lenders to offer affordable loans with favorable terms. Discuss the top five sba cdc North Carolina . Popular and well-known SBA 504 lenders in North Carolina Business Expansion Funding Corporation (BEFCOR)  Befcor is one of North Carolina's leading lenders of SBA 504 loans. In addition to extending fixed-rate, interest-free loans to small businesses, they finance property purchases, equipment purchases, and construction projects. Throughout the loan process, BEFCOR provides personalized guidance and knowledge of SBA programs, ensuring busines