Are you an entrepreneur ready to take your small business idea to the next level? Does your current business need additional capital for growth and expansion? No matter which situation applies to you, securing a loan is essential when it comes time to finance your venture. This blog will answer the question of what is an SBA 504 loan and give tips to secure it.
An SBA 504 loan is a long-term financing option designed to help small businesses purchase fixed assets such as real estate and equipment. It is funded by private-sector lenders and the U.S. Small Business Administration (SBA).…Continue reading