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 […]
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, […]
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 […]