Midsize Is Now a Fit for SBA
Did you know that the U.S. Small Business Administration has changed how it defines a small business? Now a qualifiying business with up to $15 million in net worth, regardless of sales volume, and average after-tax earnings of up to $5 million for the past two years is considered "small" by the SBA.
Middle-market companies historically exceeded the size standards for SBA financing. But legislation recently passed by Congress changed that. In addition, the new legislation, called the Small Business Jobs Act, increased the size of commercial real estate projects that can be financed under the SBA 504 loan program.
504 Road is a National specialist in government guaranteed loans. 504 Road is proud to represent a consortium of fine banks and nonbank lending institutions.
Our team is dedicated to staying on the front lines of the ever progressive SBA community to ensure our clients the highest level of service. We have a team with more than 50 years experience working in the SBA arena, closing more than 500 million in SBA 7(a) and SBA 504 Loans.
- Pre-qualification in 24 hours
- We are NOT Loan or Mortgage Brokers
- We DO NOT Charge Loan Fees
- Closings within 30 to 45 days
- One on One Customer Service
- We Pay up to 1% referral fees
- We specialize in Hospitality
Get on the right road before the end of 2011...
The 504 program allows small to medium sized businesses purchase commercial real estate up to 90% LTV at low fixed rates, allowing businesses to preserve their working capital and maximize cash flow.
Please take a moment to read the latest SBA news in our Blog.
"We can assist you in obtaining an SBA loan in as little as 35-40 days. We will coordinate with the SBA and assist in the processing. SBA loans are easier than you think!"
Many programs END December 31st, 2011... Call us NOW and we will put you on the SBA road and walk you though every step of the process...
Toll Free 888-504-7623