504 Capital Corporation

If you are short on the capital to make a big business purchase, loans are a great way to help your business grow and flourish. Small business loans from the Small Business Administration are a convenient and easy way to do this. Loan institutions such as 504 Capital—specializing in SBA CDC loans in North Carolina —can help your business grow by building capital. Different Types of SBA Loans Depending on the way you plan to use the loan, there are different SBA loans that are available for you to apply to. They include the 7(a) loan, a Microloan, or a CDC/504 loan . The 7(a) loan is the most common type of SBA loan and offers financial help for businesses that meet certain criteria. A Microloan is an SBA loan that provides small, short-term loans to small businesses. The CDC/504 loan program provides financing to small businesses to purchase major fixed assets. Each of these loans is provided through a designated lending institution located near you. How a 504 Loan Can Help Your Bu

A Small Business Administration (SBA) loan often ends up serving as a lifeline for small businesses. These loans offer the lowest rates and payments and the longest terms available on the market. Funds can be used for a wide variety of functions, including advertising, operating capital, hiring staff, buying equipment or buying/refinancing a commercial property. You may have been researching SBA lenders or small business loans in Maryland, North Carolina, and Virginia and still have questions about SBA loans. The most important takeaway should be that working with a reputable lender like 504 Capital Corporation is the best way to find a loan structure that’s the best fit for your business needs. Here are some facts you might not be aware of: SBA Loans Are Borrower Friendly In fact, the SBA program was created specifically to provide small businesses across America with more flexible and favorable terms than conventional lending. The organization is dedicated to assisting borrowers w

In response to the overwhelming challenges faced by small businesses across America, in March of 2021 the U.S. government announced a Coronavirus Stimulus Bill, which provided almost $350 billion in emergency relief funding to help small businesses stay afloat during the COVID-19 pandemic. This government assistance includes the Paycheck Protection Program, Economic Injury Disaster Loans (EIDL) , the Emergency Capital Investment Program, and Small BusinessTax Credit Programs. Your small business could receive a Economic Injury Disaster Loan (EIDL) of up to $2 million in funds. It differs from the requirements of regular 504 Loan in that this emergency capital can be used to meet financial obligations and operating expenses that could have been fulfilled had the disaster not occurred. These include fixed debts, payroll, and accounts payable. For information on the status of your economic injury disaster loan, contact SBA disaster customer service at 1-800-659-2955 (TTY/TDD: 1-800-877-83