What is a 504 loan, you ask? Here’s the skinny, but don’t forget to consult with an SBA-approved lender to explore its finer points. Also called the Certified Development Company or CDC/504 loan, the Small Business Administration (SBA) 504 loan is a commercial real estate loan used to purchase land with buildings on it, fund new…
It’s time to invest in your business assets, be it a better location, new talent or updated machinery… and you’ve toyed with the idea of a business loan. You’ve probably explored a million and one funding options, knowing funds from family, friends and credit cards isn’t an effective solution. But still, you hesitate taking on…
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