Complete Guide to Refinancing a SBA 7(a) to a 504 Loan
If you are a small business owner looking to refinance your SBA 7(a) loan to a 504 loan, you will likely want to know what to expect. Our guide will help you learn the eligibility and documentation requirements and highlight a few examples of when a refinance is a smart business option. Why Refinance to […]
Collateral Requirements for an SBA 504 Loan
If you are considering financing for fixed assets for your small business, the SBA 504 can be a great option. Eligibility requirements are not dissimilar from conventional loans, including good credit, proof of income, and collateral to secure the loan. The type of collateral differs from conventional loans, however, and depends largely upon what is […]
Green Small Businesses May Qualify for More in Loans
There are plenty of advantages to adopting energy-efficient business practices, the most pragmatic of which is saving money on utilities and other overhead expenses. But did you know that the SBA also offers incentives to businesses that meet their energy requirements? Read our article to find out more about how you can increase your SBA […]
What is a Certified Development Company?
For aspiring entrepreneurs and small business owners seeking financial assistance, navigating the world of loans and government programs can be daunting. Certified Development Companies (CDCs) exist to guide eligible borrowers through the process for certain types of SBA loans. As non-profit organizations associated with the federal government, they must meet stringent guidelines in order to […]
Should You Buy Commercial Real Estate?
Many types of businesses require commercial real estate from which to operate. From office spaces to warehouses, these spaces provide a brick-and-mortar place of operations for many entrepreneurs. In general, there are two means of securing commercial real estate: leasing and buying outright. There are pros and cons to each, which we will discuss further […]
Financing Rural Businesses: Challenges and SBA Lending Options
Rural businesses play a vital role in supporting local economies and fostering community growth. However, securing financing for these ventures can present unique challenges due to factors such as limited access to capital, remote locations, and specific industry needs. In this blog post, we will explore the challenges faced by rural businesses in obtaining financing, […]
SBA 7a vs Fixed 504 Loan: Which is Right For You?
Both the SBA 7a and 504 loans are federally backed loans that can be used to help small businesses reach specific goals. While they share certain characteristics, the 7a and 504 have key differences that will help you decide which one is a better option for you. Depending on your current business needs and eligibility, […]
Understanding the SBA 504 Loan to Support Women-Owned Businesses
When you are a woman-owned business, obtaining the financing you need to thrive can be a challenge. The Small Business Administration (SBA) offers a range of options, including the SBA 504 loan. The SBA 504 loan program can be used to purchase fixed assets and it can be especially beneficial for businesses that are seeking […]
Turn your SBA 7A Loan into a Fixed 504 Loan!
Because of current rates, if you have a 7A loan from the SBA, or a lender through the SBA, you might benefit from refinancing your loan and getting a fixed 504. Benefits include: There are more benefits, so schedule a call today with CEDCO and hear us out as to why this could be a […]