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Buying Out a Business Partner With a 504 Loan

business partners shaking hands

Depending on the circumstances, buying out a business partner can be an emotional and stressful experience. Even if the decision was made on good terms, you still need to consider factors like fair value, taxes, legal implications, and, of course, funding. One financial resource many may not be aware of when it comes to buying […]

How Do Small Businesses Help The Economy?

woman in yellow top and apron holds a sign that says "open" in chalk. She is a new business owner.

The SBA recently increased its size standards for small businesses in an effort to expand access to its loan programs. This is an important step in the association’s ongoing quest to support small business owners. In 2022 alone, the federal government awarded $163.9 billion dollars to small businesses, accounting for nearly a quarter of all […]

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 […]

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 […]