The CREED Act will reinstate the SBA 504 refinance program…and it needs our support.
Since the beginning of the
year, I’ve been saying that we’re going to see a decrease in small business
loans this year, likely in the 20 to 30 percent range. The primary reason for
my gloomy outlook is that both the SBA
504 Refinance and FMLP programs expired last September. It turns out,
however, there’s a Senate bill
that will again make it possible for small business owners to refinance their
commercial real estate with
longer-term, below-market, fixed interest rates
provided by the 504 program.
It’s called the CREED Act, and it’s working its
way through Congress with bipartisan support. This could be a very big deal for
small business owners nationwide, and I’m asking for your support. Go to www.504blog.com/refi-redux to find
out what you can do to help this measure become law and help small businesses
nationwide.
Dedicated to Your Continued Success,
Chris
P.S. Normally I’d
tell you to go buy a copy of my
book here in the P.S., but I’m going to forgo that this time. This CREED
Act is a really big deal, and your support (and sharing it with others) will go
a long way toward making 504 refinances a reality again for small business
owners. Thanks in advance!
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