504 Capital Corporation

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

According to a 2020 report, North Carolina is home to over 900,000 small businesses , and most of them need help acquiring financing. Small business loans are invaluable to both established enterprises and brand new startups. Working capital provides a wealth of opportunities for your business to expand, no matter how long you’ve been around. Rest assured, there are financing solutions for every small business in North Carolina. Here’s a brief guide to the most common funding options available to small business owners: Bank Loans When you’re beginning to research small business financing, long-term loans from banks and credit unions are a great place to start. Just one example – if you qualify, the Carolina Small Business Development Fund offers loans of up to $250,000. SBA Loans The Small Business Administration (SBA) is a federal agency which was created to provide resources to small businesses looking for funding. It offers a variety of low-interest long-term small business financin

Are you looking for small business financing in Virginia ? If so, congratulations. You're about to invest in the local economy and likely put yourself on the path to financial success. But before you can move forward with your small business plan , it’s important to choose the right loan provider. You have a few attractive options for small business financing in Virginia through the United States Small Business Administration (SBA) . The SBA 504 loan and the SBA 7(a) are both great choices for small businesses. But what’s the difference between them? We took a look at both loan types to help you decide what is right for your business. Breaking down the SBA 504 Loan Requirements: To work with an SBA 504 loan provider in VA , you will need to have a solid business plan for a for-profit, U.S. company and good credit. Financing is available up to $5 million. Benefits: This loan is best for business owners looking to buy commercial real estate , heavy machinery or equipment , or prope

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

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