504 Capital Corporation

SBA loans have helped small businesses all across the country stay in business and remain open during the COVID-19 pandemic. SBA loans are here to stay, meaning you can apply and qualify for an SBA loan today. SBA loans are a great alternative to traditional loans. As an SBA CDC in Virginia and North Carolina , 504 Capital is here to explain the different types, benefits, and limitations of SBA loans. What are SBA Loans? SBA loans are small business loans that are given by certified development companies and backed by the government’s small business association. These loans can be used by small businesses looking to purchase fixed assets or establish operating capital. Even now, during the COVID-19 pandemic , SBA loans have helped many small businesses stay afloat and remain open. Different Types of SBA Loans There are three different types of SBA loans that small businesses can apply for. There are 7(a) loans, 504 loans, and microloans. SBA 7(a) loan amounts can reach up to $5 mil

Small businesses contribute enormously to Maryland's economy. According to a recent U.S. Small Business Administration (SBA) Office of Advocacy report , statistics show that there are close to 580,000 small businesses in the state, which employ half of Maryland employees, and comprise close to 100% of all business activity. Not only is Maryland a great place for entrepreneurs to operate small businesses, but it’s also ranked among the nation’s top ten states for start-up survival rates.  In order to thrive, these business owners must have access to working capital so they can achieve their financial goals and grow the economy. What Are Some Financing Resources in Maryland? The Maryland Department of Commerce and its partner organizations offer state-wide incentives. The Maryland Small Business Development Center The Maryland Women’s Business Center The U.S Senate Committee on Small Business and Entrepreneurship resource guide for minority-owned businesses The Maryland Small Busin

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

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

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

If you are thinking of   starting a small business   in the United States, Virginia is one of the best places to start a business. Why? Virginia has ranked 1st on CNBC’s 2019 list of America’s Top States for Business. The state offers plenty of incentives for both startups and existing businesses. The GDP of Virginia says it all. It had a GDP of $552 billion in Q2 of 2019 which is roughly 2.6% of the total U.S. GDP. And there are a number of reasons why Virginia is the right choice to commence a business: The Government offers Tax credits for creating employment. Virginia has a well-educated employment pool and businesses survival rate. Benefits of high-speed internet because 70% of the world’s Internet traffic flows via data centers situated in Northern Virginia. Sole Proprietors don’t need a business license to start a business. Virginia is a major hub of data centers, agriculture, aerospace, technology, mining, and military. The corporate income tax rate has remained stable for near