SBA 504 LOANS QUALIFY FOR CRA CREDIT
Effective April 1, 2024, loans through the Small Business Administration (SBA) 504 Loan Program automatically qualify for Community Reinvestment Act (CRA) credit, aligning...
Read MoreThe information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.
This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.
CONTACT USEffective April 1, 2024, loans through the Small Business Administration (SBA) 504 Loan Program automatically qualify for Community Reinvestment Act (CRA) credit, aligning...
Read MoreThe Small Business Administration (SBA) is broadening the definition of “small business” to include larger businesses. This means that even more businesses are...
Read MoreFor most projects, the SBA will lend up $5 million. That alone is a powerful tool, but that ceiling can be expanded to...
Read MoreSBA 504 loan can help cover the costs of a purchase, construction, or renovations needed for self-storage facilities. SBA 504 funds can also...
Read Morenearly 70% increase in lending, culminating in an impressive $5.1 billion in SBA-backed loans for women-owned businesses in FY23. This surge in financial...
Read MoreDavid Kwitek, owner of the Academy of Beauty Professionals, recently used the Small Business Administration (SBA) 504 loan program to purchase a previously...
Read MoreThe SBA recently issued updates to the 504 debt refinance programs which loosen a few key previous restrictions....
Read MoreIn order for an organization to qualify for an SBA 504 loan, their project must fall within one of these categories....
Read MoreSome projects may require an appraisal process if property being financed is more than $250,000 or property being financed is $250,000 or less...
Read MoreA Project must achieve at least one of the objectives listed below for either jobs or economic development goals....
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