New Fixes to the SBA 504 Temporary Debt Refinancing Program
On June 20, 2011 the U.S. Small Business Administration (the "SBA") issued SBA Procedural Notice 5000-1212 (the "Notice") to provide additional guidance on certain facets of the SBA 504 Temporary Debt Refinancing Program (the "Program"). Originally enacted in September 27, 2010, the Program was created to assist those small businesses whose debt would mature in the near future and who had no resources for refinancing. As proponents of the Program know, the Congressional objective was for $7.5 billion to be loaned under this Program in the current fiscal year. To date, the amount of loans applied for and closed under this Program is well below the budgeted amount. Any unused funds at the end of the fiscal year will be lost. . . . keep reading about SBA 504 Loans
Here at Commercial Lending Pros we continue to provide financing services for business owners, investors and other entrepreneurs throughout the country. We are direct lenders for SBA 504 Loans and also have access to over 150 different funding sources including credit unions that are lending, hedge funds, private equity groups, insurance companies, private investors and other funding sources including
Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325
Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.
Tel: 863-298-8900
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com
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