504 Capital Corporation

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...

SBA 504 Loan Rates, Requirements and Terms in North Carolina Considering the continuation of competitive interest rates, now is the time to learn more about the SBA CDC 504 loan program in North Carolina . It makes financial sense to start a business while locking down a current fixed rate as low as 2.7% for a 10-year loan, 2.99% for a 20-year or 3.04% for 25 years. Paying less interest, one of the many perks of the SBA 504 loan, will set you up for success and profitability. Small business borrowers can expect to have lower monthly payments and additional cash flow. SBA CDC 504 Loan Program in North Carolina So how do you apply for the SBA CDC loan program in North Carolina? You can locate a Certified Development Company in the North Carolina area by consulting a list of companies available on the SBA website and searchable by zip code. A CDC is eligible to offer loans in the state it was chartered. Once you find a CDC you’d like to work with, schedule an appointment to find out mor...

Does the thought of choosing among different business loans keep ticking like a clock in your head? Or do you find the interest rates on long-term loans too high? If so, then you're much like other small business owners who are encumbered by the thought of a big loan. 504 Capital Corporation will let you get rid of such thoughts with its SBA 504 Loan Program. We are SBA 504 Lenders in Virginia and Maryland and are a leading Certified Development Company. As a nonprofit SBA 504 Loan advancing company, our mission is to aid small businesses and promote economic development for all. We are financial experts, ready to make your business dreams a reality. What is an SBA 504 Loan? Small Business Administration (SBA) 504 Loan is a government-supported loan for small businesses. It enables small business owners to purchase real estate and other fixed property. This 504 Loan program provides business financing and promotes business growth. Three parties are involved in the process of lend...

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...