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Friday, March 4, 2011

SBA 504 loans value $1.4 billion in first quarter 2011

The SBA 504 loan program has recaptured its buzz in the current economy and recent numbers indicate that more firms are using the innovative program to secure commercial real estate deals. Financial markets are beginning to thaw as loans terms have soften for some, but for many firms attempting to complete real estate deals current guidelines and requirements are still not economically feasible. Many of those that survived the economic downturn are now growing and require new space. Instead of turning to traditional financing, where they may be met with lukewarm response, programs like the SBA 504 have helped bridge the gap and make many real estate deals a reality for potential owner-occupiers. . . . keep reading

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