Small business owners can now access much needed capital using the new SBA504 refinance program - 12/07/11 06:18 PM
The new SBA504 guidelines will allow up to a 90% refinance cash out. The equity pulled can be used as it relates to the business.
Pay off debtPayrollPurchase or repair equipment Building improvements
These are just some of the things that the capital could be used for.
The new rules or guidelines are good news for small business owners who have equity in their commercial real estate property. While the program could be extended for now it is to expire Sep of 2012.
 
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The SBA504 is a loan to cost program. Preserving capital for small business owners - 12/06/11 02:32 PM
One of the advantages of the SBA504 other than the fact that it can go up to 90% is that it is a LOAN TO COST program. This means you can roll into the loan cost associated with the project. Other loan programs are loan to value. This leaves the business owner no option but to be out of pocket on some items. Example. LTV: 80%. 750K dollar purchase price= 150k down payment plus closing cost plus lets say 100k in tenant improvements and other cost such as equipment and closing cost. Making it well over 20% out of pocket. LTC: … (0 comments)

Things that the SBA504 will allow small business owners to roll into their commercial loan. - 12/06/11 02:29 PM
Preserving capital is very important to any small business owner. Here is a list of things that could keep money in your business. The SBA504 commercial loan will allow you to include. The commercial real estate ( must be owner occupied up to 51%)Equipment Tenant inprovementsSoft cost related to the project Closing cost. The total loan amount can be as high as 90% LTC. I will continue to post information about the SBA504 this week. I am always looking for others involved in commercial real estate to stay connected with.
 
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