As a certified consultant with the SBDC, I see hundreds of businesses each year coming in looking for a loan. Some of these businesses have already been declined by a lender and don’t understand why. In today’s markets lenders are very conservative and SBA loans are a great option for those businesses. There are several […]
The US Small Business Administration initially restricted the new refinancing option to small businesses that faced balloon payments on mortgages before Dec. 31, 2012. That eliminated an awful lot of companies that we eager to refinance. It has just been announced that effective April 6, the SBA will open the 504 refinancing option to businesses […]
Thanks to Florida First Capital Finance Corporation for this update that indicates the funds for eliminating soft costs for SBA 7a and 504 loans are exhausted so we are returning to the pre-ARRA regulations unless the Obama jobs bill is passed. The bill includes a provision to eliminate loan fees through September 2010. Read on… […]
In one of the first signs of economic recovery for small businesses in Florida, SBA 504 loans statewide nearly doubled from April through June over the first quarter of 2009. According to the most recent figures from the Small Business Administration (SBA), 113 small businesses took advantage of the 504 program for real estate and […]
Raymund Flandez of the Wall Street Journal continues to keep us informed on program changes in SBA financing. The SBA 504 program has recently been changed to allow for refinancing. SBA 504 is a popular fixed asset financing program that is guaranteed and requires a smaller cash injecture from the borrower than normal. Contact the […]
As the SBA continues to prod banks to do more lending in the small business community-at-large, thy are giving awards to banks who have been participating right along. Here are the winners as reported by Kelly Faircloth for Inc. Magazine. The Small Business Administration recognized financial institutions devoted to helping small firms through their lending […]
We are hoping that there is relief in sight so that our clients at the UNF SBDC have better access to loans. The U.S. Small Business Administration is the smallest Federal agency in our government and this may well be a part of the problem. Another issue may be that the SBA’s team surrounding Administrator […]
It was May of 2007 when Maria Adigweme, a psychotherapist at a clinic became interested in starting her own private practice assisting children. Ms. Adigweme is a Certified Addictions Professional with over twenty years experience in the Behavioral Health field. This includes six years as the Clinical Director of a local mental health agency. As a […]
Arlette Price decided it was time to work for herself. She had a vision of a small but beautiful store selling unique items for the home and gifts that could be personalized. She already had the experience, having been a buyer for Wal-Mart and she had European retail buying experience as well. Even as a […]
Ron Reuss, President of GulfCoast Business Finance, has sent out this summary of SBA 504 loan related items that are part of the stimulus package that was just signed into law. SBA 504 allows businesses to buy building and or equipment. Go here for more information on SBA 504, or read what we have on […]
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