504 Capital Corporation

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...

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...

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 ...