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Open a Bed and Breakfast with the SBA 504

bed and breakfast sign

Are you someone who has always dreamed of running your own cozy retreat, where guests can enjoy a home away from home experience? If so, starting a bed and breakfast (B&B) might be the perfect venture for you. Running a B&B does have special considerations, however, including financing. Read our article to learn more about […]

Can You Use a SBA 504 Loan for Self Storage?

self storage unit open to reveal stacks of boxes

Starting or expanding a self-storage business can be a lucrative venture. Nearly everyone will need a storage unit at some point, which makes it a fairly attractive investment. 11.1 percent of all American households currently utilize self storage, contributing to this 29 billion dollar industry. So how can you get in on the action? For […]

Can You Use an SBA Loan for a Franchise?

franchise represented with wooden building blocks with cartoon diner in red

In many cases you can utilize an SBA 504 to finance the acquisition of a franchise. However, there are a few criteria you must meet in order to qualify. Read our blog to learn about the SBA loan franchise requirements and what ways the loan can help your business.  What is the SBA Franchise Directory? […]

Low Budget Beauty Salon Interior Design

interior of a beauty salon with lit mirrors and stools

The interior of a beauty salon is nearly as important as the skill level of the stylists working there. From adequate lighting to an overall mood, the design of your studio is both practical and cosmetic. Despite the importance of a sleek and functional atmosphere, you may be concerned about the costs associated with interior […]

SBA Loan for a Trucking Company

fleet of trucks for trucking company

The SBA 504 is designed to help business owners acquire and expand fixed assets. This primarily applies to real estate, land, and heavy equipment. This means that, for the most part, you cannot use the SBA 504 loan to purchase vehicles. There are some exceptions to this rule, however. Let’s discuss what vehicles you can […]

Financing a Car Wash With the SBA 504 Loan?

white car in a car wash tunnel

It seems you can’t throw a rock these days without hitting a “car wash coming soon” sign. But what is it about a car wash that makes it such an appealing business opportunity? And what are your financing options? Let’s take a closer look at why car washes are one of the fastest growing industries […]

Starting a Childcare Business with a 504 Loan

kids at a childcare center

Starting a childcare business, like a daycare or preschool, is not only a fulfilling endeavor but also a vital service to the community. However, like any business, it can require a significant financial investment to get off the ground. In this post, we will discuss how an SBA 504 loan can be used to help […]

Personal Financial Statement

snippet of the SBA personal financial statement form

How to Fill Out SBA Form 413 The application process for a SBA 504 loan can seem a bit daunting. There are documents to gather, phone calls to make, and, of course, forms to fill out. One of the most important forms in ensuring your loan is approved is the Personal Financial Statement, also known […]

Green Small Businesses May Qualify for More in Loans

Wooden sign reading "go green"

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?

man holding a virtual image that spells out "certified" in all caps

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 […]