504 Capital Corporation

U nderstanding the advantages and drawbacks of Small Business Administration (SBA) loans is vital for small business owners looking for financial assistance. CDC SBA loans offer various benefits, including lower interest rates and a guarantee from the SBA, but they also come with specific criteria and considerations. What Are SBA Loans? To put it simply, SBA loans are not directly provided by the Small Business Administration but rather facilitated through SBA-approved lenders, such as banks and microlending institutions. The SBA's involvement offers a safety net for lenders because if you default on your loan, the SBA will reimburse the lender for a portion of the debt. This reduces the risk for lenders and increases the likelihood of small businesses obtaining funding. CDC SBA loans are flexible and can range from as low as $500 to as high as $5.5 million, covering various business expenses like working capital, equipment, and inventory. Additionally, the SBA sets limits on the

A re you a small business owner in North Carolina seeking financial support to acquire essential equipment? Equipment loans could be your financial lifeline. Let's explore the main types of equipment loans available for small business loans in NC . Equipment Loans: An Overview Equipment small business loans in NC come in various forms, each tailored to specific needs. The most common equipment loan types include: Equipment Loan The advantage of an equipment loan lies in its ability to cover the cost of expensive equipment. However, it's important to note that the interest rate for equipment loans in NC is typically higher than that of personal loans. Lease Financing Lease financing offers borrowers the opportunity to lease equipment for a predetermined period. It often comes with higher interest rates compared to personal loans. Balloon Payment Loan Balloon payment loans require borrowers to make a substantial payment at the end of the loan term and come with higher interest