investment: 504 Loan Program Great for Commercial Property
- 10/29/09 03:09 AM
The Small Business Administration's 504 Loan Program provides small companies in development areas with guarantees for loans for major fixed assets such as land and buildings for economic development. The purpose of 504 loans is to improve the economy of a locality or to assist businesses owned by women, minorities, veterans, rural businesses, and other designated types of businesses. The 504 loans are set up to work with Certified Development Companies - nonprofit corporations set up for community development. Generally the project assets are used as collateral.
A typical 504 loan structure might look like this, according to the SBA: … (2 comments)
investment: 18.2 Acres: Prime Commercial Property, Hurricane, WV
- 10/22/09 06:26 AM
Description 18. 2 acre Parcel. Approximately 422 feet of road frontage on Route 34 / Teays Valley Road. Ideal for office and other commercial use. Traffic count on Route 34 is approximately 25,500 vehicles per day. Prime commercial location in Putnam County half way between the cities of Charleston to the east (the state capitol) and Huntington to the west. Some examples of commercial dwellings that exist now are doctors offices, lawyers offices, accountants offices, several fuel stations, several convenient stores, restaurants and several retail outlets. Putnam General Hospital is 1/2 mile of subject property. Route 34 is a main … (0 comments)
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The Small Business Administration's 504 Loan Program provides small companies in development areas with guarantees for loans for major fixed assets such as land and buildings for economic development. The purpose of 504 loans is to improve the economy of a locality or to assist businesses owned by women, minorities, veterans, rural businesses, and other designated types of businesses. The 504 loans are set up to work with Certified Development Companies - nonprofit corporations set up for community development. Generally the project assets are used as collateral.
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