SBA's 504 loan program is a powerful economic development tool offering a viable option for lenders looking for a competitive edge in small business financing. It offers a 50 percent loan to value ratio for lenders; putting the lender in first lien position; offers longer loan amortizations; and provides up to 90 percent financing for small businesses. It offers long-term, fixed-rate, subordinante financing for acquisition and/or renovation of capital assets including land, buildings and equipment and can also help you meet your community development or public policy goals.
Recent enacted legislation has reinstated the debt refinance established by the Jobs Act of 2010. This webinar will also cover criteria under which the debt refinance program can be instituted.
Join Regional Development Funding Corporation's Rebecca MacBlane and Business Finance Group's Beth Wilson as the lead a discussion on the 504 loan program.