CEDCO Small Business Finance inline

New Size Standard For SBA 504 and 7a Loans

beads spelling out "inflation" on light green background

An Alternative Size Standard has been made permanent as a Final Rule published in the Federal Register as of 2/15/2024. The Rule accounts for inflation and significantly increases the allowable net worth and after-tax net income for small businesses looking to apply for SBA 504 and 7a loans. This is exciting news, as it means […]

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 […]