SBA: Loan Buying Has Been at Record Levels

Small Business Administrator Karen Mills' Washington D.C. office overlooks a railroad where trains whiz by hauling freight. It's a reminder, she says, that American industry is still working. These days we could use that reminder. American manufacturing is in the tank, and small business lending -- a much-cited economic driver -- fell again in the second quarter, on the heels of a lackluster five years. On the upside, loans backed by the Small Business Administration are on the rise, with banks breaking records in SBA lending last year. Mills sat down recently with Fortune's Anne VanderMey to talk about what her office is doing to give small business a leg-up and help bring American unemployment back down to earth. . . . keep reading about Small Business Lending

 

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.

 

We Are Direct SBA 504 Lenders!

 

Give us a call at: 863-298-8900 or 813-833-3132

 

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

 

Contact Us

 

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Tel: 863-299-2929
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

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