Since the Small Business Jobs & Credit Act was passed a
year ago, we’ve been able to finally use SBA 504 loans to refinance commercial
property. Fortunately, a few hundred business owners have been able to avail
themselves of this program to get control over their real estate expenses with
the long-term, fixed-rate financing that a 504 loan provides. But that’s about
to change…
Another provision in the law mentioned the ability to use
SBA 504 Refi proceeds for legitimate
business expenses (working capital, essentially). Well, we waited a whole year for the SBA to
announce how this part of the law will be applied, and they finally told us
yesterday. I probably don’t have to tell you how big a deal this is, and how
meaningful this will be for a vast number of small business owners. This is
what some people might call a “game changer.” (Not me, though. I would simply
say this is “about time.”)
Watch the video at www.504blog.com
to get the full details about these new changes to the SBA 504 Refi Program —
the one I’ve mentioned above isn’t the only significant change…
Dedicated to Your Continued Success,
Chris
P.S. I can’t
emphasize how exciting this news is. Please do share it with someone you know
so we can spread the word to America’s small business owners!
P.P.S. If you
want to read more about the details of the SBA 504 Refi Program, go to www.SBA504LoanRefi.com.
No comments:
Post a Comment