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Refinancing with the SBA 504 Loan Program

by reichard on Tuesday, January 20, 2015 10:00 AM

Despite the loss of the SBA 504’s ability to get involved with solely refinancing existing real estate and/or equipment debt until Congress passes legislation to reinstate the ability, the SBA 504 program can be used to partially provide refinancing of existing debt.  The key to being able to refinance debt is that the project also has to involve an expansion of the small business.  In other words, the company must have eligible new project costs involved in the project.  The ratio of new financing to refinanced debt is 2:1. - more


What Can and Can’t the SBA 504 Finance?

by reichard on Tuesday, January 6, 2015 2:00 PM

First off, I’d like to wish all of you a Happy New Year!  After taking off a week for the holidays, the SEDA-COG SBA 504 Blog is back.  This week’s topic is what can and can’t the SBA 504 finance. - more


Eligibility – Owner-Occupied Real Estate

by reichard on Tuesday, December 9, 2014 10:00 AM

Following our look at the size of eligible SBA 504 borrowers, I want to take a look at another area that would determine if a company would be eligible for an SBA 504 loan – owner occupation.  The goal of the SBA, especially through the 504 program, is to help companies that will ultimately create jobs.  So why is it necessary for a company to meet certain occupancy requirements in a commercial building? - more


Eligibility – 504 Just for “Small” Businesses?

by reichard on Tuesday, December 2, 2014 2:00 PM

In our first blog we mentioned briefly about what types of businesses are eligible for the SBA 504 loan.  With traditional manufacturing businesses being eligible, service-related and retail establishments are also eligible (as long as they are for-profit entities).  But what also sets the SBA 504 loan program apart from other economic development loan programs is what they define as a “small” business. - more