504 Capital Corporation

So, you want to start a business? You have an idea for the perfect venture and are ready to take the plunge and invest in your future. Ambition is certainly an important piece of the puzzle, but now you need to figure out what’s next. To be successful, most potential business owners will need to secure a small business loan to help them with things like start-up costs, construction, or mortgage payments. Small Business Loans in A Few Easy Steps Ready to get started? Here are 5 ways to get a small business loan. 1. Research the type of small business loan you need If you are a new small business you will need a different type of financing than an established company interested in having additional money available for expansion.   Start-up companies can benefit from Small Business Administration (SBA) loans that are more forgiving when it comes to qualifications. Loans like the SBA 504 and 7(a) loans require less money down and have attractive repayment terms, including low, fixed-in...

Purchasing a plot of property (with nothing on it) may seem like a simple transaction, but the process can be more complicated than investing in a house or building that comes with earth that surrounds it. If you are interested in buying a piece of land to use for business purposes, including building an office or facility, you will need likely a land loan. What is a Land Loan?   Land loans in Maryland offer credit to qualified borrowers that can be used to purchase pieces of land. Because they aren’t as common as mortgage loans and often are riskier, these loans typically require larger down payments and have higher interest rates. Therefore, it’s important to consider all the different types to make sure you are getting the most affordable and beneficial option for your business.   Types of Land Loans   There are a few different common types of land loans in Maryland , all with different pros and cons. The option you pick will depend on what you will use the land for—r...