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SBA Offering Low Interest 504 Loans

Topics: 504 Loan, Small Business

The Small Business Administration's (SBA) 504 loan program is providing long-term, fixed financing for the purchase of commercial real estate at one of its lowest interest rates in history. The SBA's lending partners, Certified Development Companies (CDCs) are working with small business borrowers who are taking advantage of this current low interest rate to purchase or build new facilities. read more

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The SBA Has a Deal for You

Topics: 504 Loan, Copyright, Corporation, Loan, Small Business

U.S. Dow Jones Reprints: This copy is for your personal, non-commercial use only. See a sample reprint in PDF format. The government is trying to entice more small businesses to tap one of its loan programs. Before applying for one of these loans, though, there are some fine points borrowers should consider. The Small Business Administration's 504 loan program lets companies take out fixed-rate financing to buy property, build or expand facilities, or refinance some existing mortgages. The borrower typically needs to put down just 10% of the transaction's total price. With the weak economy deterring many small businesses from…

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