7 SBA Loan Programs For Small Business Owners Where can you go when the bank turns you down? For many small business owners, the answer is the U.S. Small Business Administration (SBA), whose loans often have less stringent requirements for owner’s equity and collateral than commercial loans, making the SBA an excellent financing source for [...]
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So far Amelia Bernhardt has created 23 blog entries.
How Does a Commercial Real Estate Loan Work? Financing your commercial real estate purchase can be daunting, but it doesn’t have to be. At NonBank Lender we educate our clients to ensure they understand the process from start to finish. Knowledge takes the guesswork and uncertainty out of the process of obtaining a commercial [...]
Small Business Administration or Small Business Association Many years ago, I had the pleasure of speaking to a group of aspiring franchise owners at a convention in Anaheim, California. In my remarks, which of course I thought were brilliantly conceived, I referenced the “Small Business Association”. Not just once but: 1) First I introduced [...]
How to Use the Small Business Administration's 504 Loans What it is: The SBA’s Certified Development Company (CDC) /504 Program provides long-term, fixed-rate financing for businesses acquiring new facilities or purchasing equipment to update existing locations. The 504 program is about helping a small business purchase the assets needed to take it to the [...]
The Best-Kept Secret in Commercial Real Estate Financing What Real Estate Brokers Need to Know About the SBA 504 Loan Program: It’s no secret that commercial credit is hard to come by these days. More than a few lenders remain reluctant to lend, even to borrowers with perfect credit scores. It’s not getting any [...]
NonBank Lender: Helping Smart Money Access Commercial Real Estate It is no surprise that Commercial Real Estate is fast becoming the safe haven for smart money. With prices recovering slowly and rates continuing to be at or near historic lows, Commercial Real Estate is a great option for those needing assets that offer a strong [...]
An SBA Financing Alternative: NonBank Lenders In the world of Residential finance it is very common to obtain financing through a NonBank Lender. However, where commercial lending is concerned a NonBank Lender option is not quite as commonplace. Recently I came across an article on the US Small Business Administration’s Website that did a [...]
SBA Loan to Refinance Existing Small Business Debt During 2012 a third of all U.S. Small Business Administration “SBA” 504 loans funded was to Borrower’s who needed to refinance real estate, equipment, and other short-term debt. As with any refinance, the motivation is pretty simple, Borrower’s want to restructure their debt to provide more favorable [...]
The Truth About SBA Loans I see many comments from Small Business owners who are frustrated by the fact that their loan application to the US Small Business Administration ("SBA") was just declined. However, there is a dirty little secret that your Bank doesn't want you to know; the SBA most likely never saw your [...]